$ZEC
C / $USDT is trading at $409.34, cooling off after a sharp intraday push. The session saw price stretch up to $430.04 before sellers stepped in, dragging it down to a $391.70 low. That swing alone tells the whole story — volatility is alive, and the market is actively testing conviction on both sides.
On the lower time frame, price rebounded cleanly from the $403–$405 zone, showing buyers are still defending dips. The rejection near $412–$430 confirms heavy supply overhead; every push higher is being met with profit-taking. Right now, $409 is acting like a balance point — neither bulls nor bears fully in control.
Volume spikes during the downside move suggest panic selling was absorbed rather than extended, while the recovery candles show hesitation, not weakness. This is the kind of structure where the market pauses to decide its next direction.
Above $412, momentum could quickly reopen the path toward $420–$430. Below $405, pressure increases, and a deeper retest toward $398–$392 wouldn’t be surprising.