ZEC 1W Update: Zooming out to learn moreZEC remains in a corrective phase on the weekly timeframe following the blow-off top toward the 700 region and the sharp rejection that followed. The key structural shift occurred with the loss of 300, which had acted as a major breakout and acceptance level. Since losing that pivot, price has continued to bleed lower and is now consolidating in the mid-200s, showing no strong impulsive bounce yet.
Momentum has clearly cooled, and the market is transitioning from expansion into redistribution or deeper correction. The current 220–240 area is attempting to act as a short-term stabilization zone, but structurally the chart does not regain strength unless ZEC can reclaim 300 on a weekly closing basis. Without that reclaim, rallies are likely to be corrective in nature.
On the downside, continued acceptance below 230 opens the door for a move into prior consolidation zones from before the breakout, which would imply a more prolonged digestion phase. That said, the larger cycle context still suggests this could be a volatile retracement following an extreme vertical move rather than a full macro reversal. The next few weekly closes are critical in determining whether ZEC builds a higher low here or continues unwinding the parabolic advance.
