Zcash closed at 1,300.30 USD, up 5.2% - the first close inside the ~1,300 band that has rejected it four times. It looks like a breakout forming. The volume says it is the cheapest test of that level so far. Turnover fell to 794.8m USD from 871.2m the session before. Price rose 5.2% into the exact price where every advance for two weeks has failed, on 8.8% less flow than the attempt that failed one session earlier. Mechanics: a resistance test is paid for. Each rejection leaves supply sitting above the level, so a fifth test should require more turnover to clear the same sellers, not less. Four rejections followed by a fifth approach on contracting volume describes supply being lifted without fresh demand. Thin pushes that arrive at a shelf are the ones that get sold back, and the 22.1b USD cap now sits precisely where size has repeatedly failed to hold. The invalidation is printed, not argued. A close above the band with turnover above 1.5b USD would mean the level was absorbed rather than rejected, and it would be the first evidence in this sequence that the sellers are gone. The downside reference is the 1,139 USD low; losing it completes the rejection and leaves the entire 1,139-1,300 range as distribution rather than a base. What is missing is the only thing that would make the level matter for anything other than a trade: ZEC has produced no fee, shielded-pool usage or throughput figure in any session I can verify. Price is the sole input, and price at a fourth-time-rejected level on falling volume is not confirmation of anything. NFA