$ZEC is doing exactly what structure says it should.
Price lost the rising trendline and flushed straight into a high-timeframe demand zone ($380–$400) ~ the same area that previously sparked strong rebounds. That reaction wick matters.
Right now this is a decision zone:
• Hold above demand → relief bounce back toward $460~$500 • Lose $380 clean → next support sits much lower around $300
Price bounced strongly from the 0.13–0.14 demand zone, showing buyer interest after a prolonged downtrend.
Currently trading near 0.20, price faces resistance around 0.24–0.27. A sustained move above 0.22 could open room for further upside, while rejection may lead to another pullback toward 0.15.
Overall structure remains cautious with short-term bullish relief.