ZEC Pulls Back After Multiple Rejections At $734 As Price Remains Range-Bound

ZEC faced repeated rejections near the $734.72 resistance zone, reinforcing strong selling pressure in that region.

Price remained confined within the $660.37–$734.72 range, showing limited momentum despite a 1.3% weekly increase.

Liquidity wicks above resistance failed to generate continuation, keeping attention on the $660.37 support level.

Zcash traded inside a tight structure this week as price movements continued to react near a well-defined resistance zone. The market tested the highlighted supply area several times, and each attempt produced a notable rejection. This pattern shaped the current sentiment, especially since buyers failed to maintain momentum above the recent range. The latest move placed ZEC at $685.67, reflecting a 1.3% increase over seven days. This came as the pair briefly moved toward the higher boundary of its $660.37–$734.72 levels. These conditions created a narrow trading window that traders observed closely while assessing the next direction.

Repeated Rejections Define Short-Term Structure

The resistance zone around $734.72 generated multiple reactions, and each rejection formed a consistent ceiling. The chart displayed this barrier clearly as sellers entered aggressively near that range. However, the price still hovered close to the upper limits, which kept attention on whether another test could emerge

These repeated failures directed traders to monitor liquidity shifts, especially since the current 24-hour range remained compressed. This tight structure created conditions for fast moves, although no breakout attempts were held after touching the resistance.

Market Reaction Centers on Liquidity Behavior

The recent candles showed wicks near the marked zone, and these moves hinted at potential liquidity searches. Traders monitored this area because many short-term positions concentrated above recent highs

However, no sustained momentum followed these wick formations, and the market reverted to mid-range levels quickly. This behavior aligned with the earlier pullbacks that developed after each push toward the yellow zone. The reaction also highlighted how sensitive the structure became as ZEC reached this region repeatedly.

Attention Shifts Toward the Support Boundary

Momentum faded gradually near resistance, and this shift redirected attention toward the $660.37 support mark. This level formed the lower limit of the current structure and created a clear reference for downside pressure. The RSI sat near mid-range levels, which reflected neutrally aligned conditions during the recent movement. However, the market continued to respect the resistance band, which kept the short-term outlook centered on how ZEC behaves near support. These developments shaped expectations for potential trends as the pair moved toward the next trading sessions.