ZEC's performance on today( January 2nd was a classic high-level consolidation — after opening at 529.54 USDT, it steadily rose, even breaking through the key resistance at 530 and heading towards around 550.07. However, the good momentum didn't last long, and it soon encountered resistance and pulled back. Currently, it is oscillating around 528.77 USDT, down about 0.15% from the opening.

Looking at the market details makes it even more interesting. The early trading started in the 480-500 range, and as it gradually moved higher, buying activity was quite active — the green bars significantly expanded. But once it surged and then pulled back, the red bars increased accordingly, indicating selling pressure was beginning to show. The overall trading volume remains at a moderate level, with no signs of sudden explosive activity; market participation is stable, just not extremely hot.

From a technical perspective, short-term correction signals have already emerged. The MACD's fast and slow lines have formed a death cross, and the histogram has shifted from green to red, currently fluctuating in a negative range of about -0.96 to 5.44, which suggests the upward momentum is weakening. The RSI reads 57.84, right in the neutral zone )50-60(, neither overbought nor oversold, reflecting a relatively calm market sentiment without extreme emotions dominating.

Overall, after recent gains, ZEC needs to fully digest its gains. The current high-level consolidation hints that a short-term correction phase may be imminent.