Zcash (ZEC) experienced a sharp correction after a 41% rally, entering the Fibonacci Golden Zone following a liquidity sweep near $688. Despite the pullback, trading volume remained elevated at $1.16 billion, indicating active market participation. The correction comes as traders assess whether buyers can defend the current support level to prevent further downside. Futures market activity showed a shift, with positive funding rates suggesting increased long interest. However, this could pose a downside risk if traders entered long positions prematurely. The market is now at a critical juncture, with the potential for either a continuation of the uptrend or an extended correction, depending on whether the support zone holds.