$ZEC Navigating Volatility After a Sharp Retracement ​The price of Zcash ($ZEC) is currently trading at $565.24, showing a minor daily decline of -1.09%. Following a strong rally that pushed the price to a 24-hour high of $592.26, the asset experienced a sharp sell-off back toward the $560 range. On the 1-hour chart, $ZEC is attempting to stabilize after finding support near its previous consolidation zone, indicating a battle between bulls and bears for control of the trend. ​Long $ZEC ​Entry Zone: $560.00 – $568.00 ​Stop Loss (SL): $540.00 ​Target 1 (TP1): $592.00 ​Target 2 (TP2): $625.00 ​Target 3 (TP3): $660.00 ​Market Analysis ​$ZEC is currently holding a high interest level, ranked No. 5 in the "New" or trending category on the exchange. The 24-hour turnover of 9.36M USDT reflects significant liquidity and trading activity. While the recent hourly red candle was aggressive, the bounce off the $565 mark suggests that there is still significant buying interest at these levels. ​Technically, $ZEC needs to reclaim the $580 level to invalidate the recent bearish pressure. If the price manages to hold above the daily low of $541.34, we expect a retest of the psychological $600 barrier. Traders should watch for a volume surge to confirm a secondary breakout. #DailyOrbit @OKX中文