$ZEC is currently trading in a consolidation phase after a strong previous move.
Price is respecting a range structure, showing indecision between buyers and sellers.
The overall trend is neutral to slightly bullish on higher timeframes.
$ZEC is trading near a key demand zone, where buying interest often appears.
RSI is around the neutral zone, indicating no overbought or oversold condition.
Volume has decreased, which usually signals accumulation or consolidation.
A breakout above recent highs could trigger bullish momentum continuation.
Major resistance lies near the previous swing high zone.
Failure to break resistance may cause another pullback to support.
Strong support is holding from earlier demand levels.
Moving averages are starting to flatten, showing market balance.
A daily close above resistance would confirm trend reversal.
Below support, price could move into a short-term bearish correction.
Market structure still favors range trading for now.
Overall, ZEC is waiting for a breakout direction.
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