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ZEC has been quite volatile recently, oscillating back and forth between $420 and $440. Every time it rebounds to the resistance levels of $470 to $500, it gets pushed down again. Large funds are indeed bottom-fishing, and some still believe in the privacy coin story, but the upward momentum is clearly diminishing. It's still unclear whether this is a genuine reversal or just a technical rebound correction. As long as the $420-$440 support holds, it remains mostly a corrective fluctuation within a range. Whether it can effectively break through the $475 level will determine whether the rebound can continue to expand or if it will just keep oscillating within the range.