ZEC's current market looks a bit shaky. It just hit around 510 and got stuck, with the price at 507.69 repeatedly testing that level, but it doesn't seem to have much momentum to push higher.

From a technical perspective, things are still somewhat grim. The RSI is approaching 70, which is a sign of overbought conditions. More importantly, on the MACD, the red histogram bars are above the zero line but clearly shrinking, which usually indicates that the upward momentum is weakening. Whether it can continue to rise in the short term is uncertain based on these two indicators.

If you go short at the current price, the 510 level is an important resistance zone. Once there's a rebound to that level, resistance will still be present. Pay close attention to the support below; overbought conditions in technical analysis often lead to a pullback later.