ZEC has been declining since the high point of 555. The current support level is around 480. If it breaks below 480 later, the bearish trend will continue to expand, and the overall momentum will become more clear.

From a technical perspective, the rebound action is actually hard to interpret. On the four-hour chart, repeatedly touching the midline has been met with rejection, indicating that the rebound energy is clearly insufficient and lacks momentum. This kind of weak rebound is actually a precursor to further decline.

In terms of trading strategy, you can short above 500, and keep a close eye on the 480 line below. If it breaks, the subsequent target levels are 450 and 420. The trends of major coins like SOL, XRP, and BNB are also worth watching, as there may be some correlation.