$ZEC is showing a sharp recovery from local weakness with improving structure.
Price is trading at 428.42, up +3.75%, after rebounding strongly from the 404.60 demand zone. That level acted as a clear liquidity sweep, followed by an aggressive buy response, signaling exhaustion on the sell side.
The rebound was impulsive, pushing price back above 420, which now acts as a key short term support. Current price action is consolidating just below the 429.93 session high, indicating absorption rather than immediate rejection.
Volume supports the move. 214,771 ZEC traded in the last 24 hours, translating to 89.32M USDT, confirming that this recovery is participation driven and not a low liquidity bounce.
Structurally, holding above 420–418 keeps the recovery intact. Acceptance above 430 would shift momentum further bullish and expose the 438–440 resistance zone. Failure to hold current levels would likely result in consolidation, with downside risk back toward 410.
Momentum has clearly shifted in favor of buyers, but continuation depends on reclaiming and holding above recent highs.
