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$ZEC has been drifting lower into the highlighted band, trading around 358 after a soft rejection at the highs. The candles show shallow pullbacks and fading momentum, the kind of action that usually precedes a test of demand. Price hasn’t collapsed outright, but it’s leaning into that broad 335–360 zone, which is where the real decision sits.

That grey block is the unmitigated demand area. It hasn’t been properly tapped yet, which means liquidity is still waiting there. A retracement into that pocket would clear weak hands and set up the potential for a Change in State of Delivery. If buyers step in with conviction, the projection toward 385 regains credibility. If instead the zone breaks cleanly, the bullish thesis collapses and deeper levels open up. The arrow drawn higher is less a forecast than a reminder: expansion only comes after retracement and confirmation.

The mitigated supply above has already capped rallies, doing its job by rejecting price near resistance. Between that ceiling and the untouched demand below, ZEC is compressing, building energy for whichever side gets triggered first. Each dip is defended, but rallies fade quickly, leaving the market in a holding pattern.

Forward, the chart doesn’t need guesses, it needs reactions. If $ZEC pulls back into that untested demand and holds, the expansion toward 385 becomes viable. If instead that zone fails, the bullish setup is invalidated and the structure shifts lower. The next move hinges entirely on how price behaves inside that 335–360 pocket.

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