ZEC Update: Fighting back with force ZEC Update: ZEC continues to strengthen structurally, with price firmly back inside the rising channel and now pushing higher within a well-defined uptrend. The prior downside thesis has been fully invalidated, and the reclaim of the channel has clearly shifted momentum back in favor of the bulls. Price is holding above the mid-channel region and printing higher lows, which is exactly what you want to see if this move is going to continue.
The reaction off the ~300 level was the key inflection point. That level acted as a higher timeframe demand zone, and the subsequent impulsive move higher suggests strong acceptance rather than a temporary bounce. Since then, ZEC has respected the lower boundary of the channel, using it as dynamic support, which reinforces that this is trend continuation rather than a corrective retrace.
Short term, price is consolidating around the low-500s, which looks constructive. This kind of sideways-to-slightly-up consolidation within an uptrend often resolves higher, especially when it occurs above prior resistance. The projected path (yellow) highlights a scenario where ZEC continues to grind higher with some volatility, using pullbacks to reset momentum before pushing toward the upper channel region.
As long as ZEC remains inside this rising structure, the bias stays bullish. Any pullbacks into the lower channel or prior breakout areas would be considered normal trend behavior, not weakness. A loss of the channel would be the first sign that momentum is fading, but until that happens, structure favors continuation.
Overall, this looks like a strong recovery phase following a failed breakdown, with ZEC transitioning back into trend mode. Patience remains important, but the technical picture continues to improve as long as price holds this uptrend structure and avoids a decisive breakdown back below it.
