$ZEC is currently in a consolidation phase, moving between $25.80 and $32.31. The resistance level at $32.31 is significant because a breakout above it could signal further upward momentum, possibly reaching toward the $36 level, which is likely another resistance area.
The fact that the 50-day SMA is sloping upward suggests that the medium-term trend is bullish, and the SMA could act as dynamic support around $29.29.
