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$ZEC still looks structurally strong despite the recent rejection from local highs.
What stands out is how quickly buyers stepped back in after the sharp selloff.
That usually signals underlying demand is still active, not complete trend exhaustion.
As long as price keeps defending the higher-low structure, this looks more like consolidation after an aggressive expansion move rather than a full reversal.
Momentum cooled off — but the broader trend still favors bulls for now.