- ZCash gained 8%, trading near $364 after a steep 50% November crash.
- Whale activity and sell pressure at $380 determine whether the rally continues or falters.
- Swing-trade setup offers 20–40% upside, but risk management is essential for traders.
After a massive 50% drop from $700 in mid-November, ZCash — ZEC , is showing signs of life. The privacy-focused coin jumped 9% in the last 24 hours, pushing the price to $364. Investors remain cautious, wondering whether this rally signals a true recovery or just a short-term bounce. Traders are paying close attention to resistance levels, whale activity, and institutional interest to gauge whether ZEC can maintain momentum in the coming weeks.
ZCash Faces Resistance Despite Price Bounce
ZCash has bounced back with a 9% gain, but daily trading volume fell 10% to $1.4 billion. This decline suggests that the bullish momentum may face challenges if buyers cannot maintain pressure. Crypto analyst Ardi highlighted rising whale activity, noting a positive delta of +1.06, signaling that large holders are attempting to trigger a price rebound. However, the $380 resistance level remains a significant hurdle. Ardi reported that sell volume at this level reached 18.7 million, nearly triple the 6.1 million in buy volume, showing strong distribution.
The imbalance between buyers and sellers suggests that current whale bids may act as exit liquidity if bulls cannot break through. If ZEC clears $380, Crypto analyst Ardi believes a short squeeze could push the price toward $420, giving traders a clear upside path. On the flip side, rejection at this level could allow bears to push ZEC down into the $250–$290 range. This makes monitoring resistance zones and volume key for anyone trading or holding ZEC in the short term.
Swing Trade Potential and Institutional Interest
Analyst Altcoin Sherpa sees ZEC presenting a potential swing-long opportunity. The price retraced to the 0.618 Fibonacci level, a critical support zone for traders. Sherpa suggests this setup could allow for a 20–40% rebound, even though a return to previous all-time highs seems unlikely. He advised placing stop-loss orders below the 0.618 level to manage downside risk efficiently.
Institutional interest in ZCash has grown during recent rallies. Nasdaq-listed Reliance Global and Winklevoss-backed Cypherpunk Technologies have announced plans to add ZEC to their treasuries. This adoption by large players adds credibility and potential support to the token’s price, complementing retail participation. Analysts note that institutional backing can sometimes stabilize markets, even when overall sentiment remains cautious.
The recent 9% gain, combined with lower volumes, suggests that ZEC remains volatile. Traders are advised to watch both support and resistance levels closely. While short-term swings are possible, breaking above $380 is critical for a sustained recovery. Meanwhile, failure to hold the 0.618 Fibonacci support could trigger sharper declines.
ZCash climbed 8% to $364 following its November crash, showing tentative recovery. Whale activity and sell pressure at $380 remain crucial for direction. Analysts highlight swing-trade potential with 20–40% upside if key levels hold. Institutional interest may support price stability, but breaking resistance is necessary to confirm a sustained rebound.
