Zcash (ZEC) is currently trading at $388.72, reflecting a 3.38% decline over the last 24 hours. Its 24-hour trading volume stands at $666.19 million, down 1.01%, while the weekly performance shows a decrease of 23.8%, with the average price hovering around $389.28.
Crypto analyst Ardi note that ZEC has consistently struggled to break through the $410–$420 resistance range. In its most recent trading sessions, the cryptocurrency retreated to test local support near $395. Despite this pullback, bulls have successfully maintained levels above $370, absorbing significant sell pressure.
Analyst observes that the flattening Volume Delta suggests diminished buying strength whenever the price exceeds $400. The data indicates that short positions are increasingly layered into upward price moves, highlighting a market largely betting against ZEC’s continuation rally.
“Whether these shorts are existing positions or newly opened, the market remains predominantly short-biased,” Ardi explains. The Long & Short Delta currently sits at -14 million, signaling that bearish sentiment dominates investor behavior.
According to Ardi, the immediate focus for bullish investors is maintaining the $390–$400 range. A breakdown below this level could trigger a sweep toward range lows, forcing liquidation of short-term bullish positions. Conversely, a successful recovery above $420 with market acceptance could shift the chart outlook from bearish to neutral.
Also Read | Zcash (ZEC) Price Outlook: Why $560–$610 Could Trigger the Next Big Move
According to DigitalCoinPrice, Zcash could surpass the $451.47 mark by the end of 2026. Analysts anticipate that before reaching this target, ZEC may challenge historical levels and previous all-time highs, with some projections suggesting a potential rebound toward the $5,941.80 mark recorded in earlier years.
Investors and market experts believe that if ZEC successfully maintains support above current levels, it could stabilize and eventually resume upward momentum. The forecast emphasizes a gradual recovery rather than immediate gains, reflecting both historical performance and broader market trends.
Also Read | Zcash Accumulation Rises as Whales Withdraw Nearly 4,000 ZEC From Exchanges
