$ZEC Rally Stalls at Major Resistance

has seen a strong impulsive rally over the past few weeks, reclaiming multiple HTF supply zones with expanding volume and steady acceptance above the mid-range around $380–320. The move was largely driven by aggressive momentum buying, which allowed price to quickly push through thin liquidity areas and tag the major range high near 690.

However, price is now showing rejection signs at the range highs, very similar to the previous distribution we saw back in November. Sellers have started defending this area aggressively, and the recent candles suggest supply is beginning to absorb momentum as ZEC struggles to secure acceptance above the highs.

For now, the immediate support zone sits around $550–500. As long as bulls continue defending this region, the structure still favors consolidation near the highs with potential for another breakout attempt.

But if $550–500 fails to hold, then the probability increases for a deeper rotation back into the broader value area around 380–320, which was the previous accumulation range before the breakout expansion.

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