ZEC bounced from its local low of $451 on July 29th, reclaiming the $500 psychological level with a 12.48% gain over the past week. The Ironwood upgrade, activated on July 28th, helped restore confidence in the network but failed to attract substantial capital inflows. Analysis of the liquidation heatmap combined with the lack of significant movement on volume indicators suggests that short-term trends are primarily driven by liquidity pockets rather than aggressive spot trading. The key zones to monitor are $530 and $450.
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