ZEC Tests Trendline That Controls the Downtrend

Zcash is compressing directly beneath a long-standing descending resistance line after a sharp rebound from macro support, with price now testing whether this recovery can evolve into a structural shift or remain corrective within the broader downtrend outlined by GainMuse.

On the 1-hour TradingView chart, ZECUSDT is trading at $293.8, stabilizing just under the diagonal resistance that has capped upside attempts throughout the recent decline.

The broader structure shows price reacting from a lower channel support line near the $220 region before staging a strong impulse toward $330. However, that rally has since cooled, and ZEC now sits at a technical inflection point where structure must either expand higher or rotate back toward support.

Rebound Into Macro Resistance

The chart, shared by crypto trader GainMuse, highlights a multi-phase structure that began with a wedge breakdown, transitioned into an upward corrective channel, and then resolved back into a broader descending trend. After losing horizontal support in late January, ZEC accelerated lower until reaching the macro support line around $220.

From that base, buyers stepped in aggressively, producing a sharp impulse move toward the $330 region. However, the rally stalled precisely beneath the descending resistance line that defines the larger downtrend. The current price action shows compression under that diagonal cap, forming lower highs inside a tightening structure.

The projection on the chart suggests two possible paths:

1. A breakout above diagonal resistance, which would open room toward the mid-$350 region.
2. Rejection beneath resistance, exposing price to another rotation toward the $220 support zone.

At present, structure favors sellers unless resistance is reclaimed decisively.

Momentum Cooling at $293

Zooming into the 1-hour chart, volatility expanded during the initial rally from $220 to $330, then contracted as price began forming lower highs. The rejection from $330 produced a fast retracement back toward the $290–$300 area.

Volume spiked during the breakout phase but has since moderated, suggesting that the current move is corrective rather than impulsive. ZEC remains below the descending trendline and below the recent swing high, keeping short-term control in bearish hands.

Key Levels to Watch

Immediate Resistance:

• $300 psychological level
• $320–$330 (recent swing high)
• Descending diagonal resistance line

Support Levels:

• $270 minor support
• $220 macro support zone

A sustained break above $300 followed by reclaiming $320 would weaken the bearish structure and increase the probability of continuation higher. Conversely, continued rejection under diagonal resistance keeps the broader descending pattern intact and raises the likelihood of another test of the $220 demand region.

Zcash is at a structural decision point, with diagonal resistance acting as the defining barrier between corrective rebound and trend continuation.

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