$ZEC is trading like a market that already made its loud move — and is now deciding how much of it it wants to keep.
Price is hovering around $405, slightly down on the day after stretching aggressively to $416 and pulling back. That rejection wasn’t weakness. It was digestion. The earlier push from the $387 zone was powerful and fast, and what we’re seeing now is the market cooling off without giving back everything it earned.
Short-term moving averages are still holding beneath price, acting as support rather than resistance. The longer MA is rising underneath, telling me this pullback hasn’t damaged the broader structure yet. Momentum slowed, but it didn’t snap.
Volume explains the tone. Activity surged on the breakout, then normalized. Buyers are still present, but more selective. Sellers are active too, mostly taking profit rather than forcing continuation. This is balance after expansion.
Above $416, momentum can reignite and test strength again. Below $397, pressure increases and the market has to prove this move wasn’t just a spike. Between those levels, ZEC is consolidating belief.
