Price is currently around $1,196, and ZEC is pushing near the upper trendline after a strong rally. The structure is still bullish as long as price keeps holding above the previous breakout zone.
But the important thing here is the bearish divergence on RSI. Price is making higher highs, but RSI is not following with the same strength. That means momentum is slowing down, even though price is still pushing up.
Also, volume is declining while price is moving higher, so this move needs confirmation. If bulls keep control, ZEC can still push toward $1,500 to $1,600 first.
But if price rejects from this upper trendline, we could see a pullback toward the $800 to $700 support area before the next major move.
Key levels:
Support: $800 to $700
Current area: $1,196
Resistance: $1,500 to $1,600
Warning sign: Bearish RSI divergence
For now, ZEC is bullish, but I wouldn’t ignore the divergence. Bulls need strong volume to confirm continuation.