ZEC has recently been making an upward push. When the price surged to $450, the trading volume clearly increased, but it hit resistance around $470—coincidentally the same level as the shadow line in mid-December. If it can break through and stabilize here, the subsequent trend will become much clearer.

This also indicates that the validation phase of using EMA for "double weaving trend exhaustion" has basically ended. Interestingly, EMA has recently contracted again, once more indicating the formation of a local bottom, so on the 1-hour chart, it remains a very practical reference tool.