ZEC / USD – Daily – Structural Update (Bullish going into 2026)Zcash / US DollarCOINBASE:ZECUSDOnchainNewsBlogZEC remains in a higher timeframe uptrend despite the recent pullback. The move lower from the recent highs is corrective in nature and fits within a rising channel structure that developed after the strong bounce from the $300 region. No daily lower low has formed, keeping the broader bullish structure intact. The $300–310 zone remains the most important level on the chart. This area marks the macro breakout base and prior demand. As long as daily closes hold above this level, the bullish thesis remains valid and the trend favors continuation into 2026 rather than a full reversal. Price is currently consolidating between roughly $450 and $550. This zone is acting as a compression area following the last impulse leg. Dips into the $420–450 region have been bought and continue to form higher lows, suggesting accumulation rather than distribution. A sustained reclaim and hold above the $520–550 range would signal trend continuation and open the door for a move toward $600, followed by $680 and potentially the upper channel region near $750–800 over time. Volume behavior supports this view, with expansion on upside moves and contraction on pullbacks. Momentum has cooled but remains constructive, resetting conditions for another expansion leg rather than signaling exhaustion. The primary risk to this view is a daily close below $300, which would break the macro structure and invalidate the bullish continuation scenario. Until that occurs, this remains a buy-the-dip environment, favoring patience and entries on controlled pullbacks rather than chasing strength. Overall bias remains bullish, with ZEC consolidating above its breakout base and positioning for potential continuation into 2026.