$ZEC ‌ZEC faced a strong sell-off after failing to hold the upper range, followed by a sharp liquidity sweep. Since that low, price has started to recover gradually, suggesting panic selling has cooled down.

Short-term view (15m–1H):
Price is forming higher lows after the bounce. Momentum is improving, but it’s still a recovery phase, not a confirmed reversal yet.
Mid-term view (4H):
Overall structure remains weak below major averages, but selling pressure is fading. A base may be forming if price continues to hold above the recent low.
Refined scenarios
🟢 Bullish scenario:
If price holds current support and breaks above the short-term resistance, a move toward the previous breakdown zone is possible.
🔴 Bearish scenario:
If buyers lose control and support fails, price may revisit the lower demand area before stabilizing again.
⚠️ This is a personal market opinion, not financial advice. Crypto markets are volatile.