ZEC has recently been repeatedly testing support around 400, and it looks like a move is imminent. From the 4-hour candlestick chart, a slight upward pattern is gradually forming. The 409 level coincides with the lower boundary support of recent consolidation, which indeed provides a technical basis for a rebound.

Although the privacy coin sector has been generally sluggish during this period, ZEC has performed relatively better in terms of resilience—this is worth noting. On-chain data also looks good, with active addresses beginning to increase again, indicating that capital attention is quietly warming up.

My personal view is as follows: When approaching support levels and not breaking previous lows, consider light long positions. Place stop-loss below 398, mainly to guard against potential false breakouts. As for the target, 421 is a previous minor high point; if it can break through here, there is potential to extend towards 430.

Entry zone: 409-411
Stop-loss: 398
Target: 421