$ZEC is now pushing into a structurally critical zone.

Price is still respecting the same descending channel that has defined this entire corrective phase, continuing to print lower highs as it approaches channel resistance.
At the same time, we’ve seen multiple attempts from $ZEC to reclaim the $540 macro resistance — and every single one has been rejected so far.
This current move is interesting because it’s pressing into the intersection of both downtrend resistance and macro resistance, which creates the appearance of a potential breakout.
But technically, the structure is still intact — we are still operating under a lower high framework.
And that matters, especially considering how many Type 2 distributions have already formed during this phase.
Time and time again, $ZEC has briefly reclaimed resistance, triggered breakout confirmation, pulled in late longs… and then immediately rolled over into another lower high continuation.
That’s why for me, the real confirmation isn’t just a reclaim of macro resistance.
The key will be whether price can actually close above a prior lower high pivot and start breaking the corrective structure.
Until the $560 lower high pivot is properly reclaimed, I’m treating this as nothing more than a relief rally after the liquidity sweep around $484 — and staying cautious on any bullish continuation.
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