$ZEC 1D Structure at Critical Inflection — Accumulation Signs Emerging
The daily timeframe shows that ZEC completed a full corrective leg after rejecting from the $400–$450 distribution zone. The sustained lower-high sequence confirms bearish macro pressure throughout the decline.
Recently, price swept aggressively into the $220–$250 demand region, which historically acted as structural support. The strong bullish impulse that followed suggests demand absorption and potential accumulation at discounted levels.
Now trading near $295, ZEC is testing former breakdown territory. A sustained daily reclaim above $320 would shift short-term structure and signal a transition from correction to recovery. That move would likely attract momentum buyers targeting the $380–$420 supply zone.
If daily structure fails and $260 breaks again, bearish continuation becomes the dominant scenario.
The chart currently reflects a potential base formation, but confirmation requires reclaim and follow-through.