Recently, friends paying attention to ZEC may have noticed — while everyone was still debating that $400 support level, this privacy coin has been quietly brewing a rebound.

Remember when it plummeted straight from $730 to $416? That was indeed quite frightening. But interestingly, markets often complete reversals when they are least noticeable. ZEC’s current performance is like a textbook technical correction — the latest quote stands at $540.91, and the overall trend seems to have gained a new rhythm.

**Technical details worth pondering**

Looking at the candlestick chart makes it clear. The Bollinger Bands tool is now especially useful: the upper band is at $546.68, the middle at $529.85, and the lower at $513.02. The current price of $540.91 is almost touching the upper band, which usually indicates what? The trend might be changing.

Even more interesting is the width of the Bollinger Bands — expanding from around $20 to about $33, indicating increased volatility. In technical analysis, such changes often signal a major move is coming. If the price can stay firmly above $540, then the $550–$560 range becomes the next focus.

The MACD indicator is also speaking. DIF value is 7.82, DEA value is 7.56, both lines are above the zero axis, and they have formed a golden cross. The histogram showing a positive 0.51 further clearly points to a bullish trend. Simply put, from a technical perspective, a buy signal has already appeared.

This rebound didn’t happen out of nowhere. The previous sharp decline was actually digesting excessive pessimism, and the bullish forces are recharging. As a representative of privacy coins, ZEC tends to react more sensitively when market sentiment improves. The current situation looks like the bulls are gradually taking over.