$ZEC Market Update 📊
ZEC made a strong impulsive move from the lows and is now consolidating near the highs, holding most of its gains. The structure remains bullish, but momentum has slowed as price moves sideways under resistance.
This type of consolidation after a sharp expansion usually signals absorption. Sellers are active near the highs, but buyers are not letting price break down, keeping the structure intact.
Price is compressing between support and resistance, suggesting a potential breakout setup if pressure continues to build.
📊 Key Levels to Watch
🟢 Support Zone: 370 – 374
🔴 Resistance Zones: 385 • 395 • 410
⚡ Holding above 370 keeps the bullish structure intact and supports continuation higher.
⚠️ Losing this zone would signal weakness and open room for a deeper retrace.
📈 Bullish consolidation watch for breakout above 385 or breakdown below support for next directional move.