$ZEC is currently consolidating around the 507.45 level after experiencing a sharp rejection from its recent local high of 517.99. The price has found some immediate support near the 502.31 zone, allowing for a minor bullish recovery structure to form over the last few candles. If buyers can maintain momentum above the 507 level and push past local resistance, we could see a steady retest of the upper liquidity zones. Conversely, failing to hold this structure might trigger a drop back toward the 24-hour low of 482.17.
Target 1: 513.62
Target 2: 517.99
Target 3: 525.00