when I posted this before, the whole point was simple, $ZEC was bouncing on the weekly after being one of the biggest privacy coin drawdowns. Now the chart has completely followed through. On the weekly, price opened around $835, wicked to $1,195, and is now sitting near $1,161, so this is not a small move anymore, it’s a full breakout from that multi-year rounded base. The grey zone around $300 was the major resistance/base area, and once ZEC reclaimed it, the structure flipped hard. My read is bullish, but after a +39% weekly candle you don’t want to blindly chase the first vertical move. The clean setup now is either continuation above this high, or a pullback that holds previous resistance as support. As long as ZEC holds above the old breakout structure, this still looks like a trend shift, not just a bounce.
Dami-DefiShare

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