- Zcash rebounds strongly after defending the $310 support zone
- Bullish momentum grows as indicators flip and structure begins to shift upward
- Key breakout lies at $395, with $478 and $527 as the next major targets
Zcash is finally showing signs of life again after bears tried—pretty aggressively—to push it deeper into the red. Buyers stepped in fast at the $310 support zone, forcing a clean rebound that caught the market off guard.
As of now, ZEC trades around the $373 range, helped by a sharp jump in trading volume that hints at fresh participation returning. The move doesn’t confirm a full trend shift yet, but it clearly breaks the rhythm of the previous 31% monthly downturn. With sentiment stabilizing, the privacy coin is starting to carve out a path back toward higher ground, something traders haven’t seen in weeks.
Momentum indicators tilt bullish as structure improves
On the 4-hour chart, the RSI climbing into the low 60s shows the first solid handoff from sellers to buyers. It’s subtle, but enough to mark a structural pivot where bulls start taking back control of the short-term trend.
The Money Flow Index climbing near 62 adds another layer of confirmation. Rising MFI during a cooling market usually means early accumulation—essentially, buyers preparing for something bigger. If ZEC pushes above the next resistance at $402, the larger falling trendline gets weaker, and the target near $490 opens up pretty quickly. Clearing that could even send the coin toward the $527 region, where its next major historical resistance sits.
Daily chart hints at a larger reversal pattern
Zooming out, the daily structure is even more interesting. Zcash continues trading inside a falling wedge—a pattern that statistically leans bullish when confirmed. The MACD, while still technically negative, is shrinking its red bars, suggesting the bearish momentum is drying up.
The Awesome Oscillator printing green bars reinforces that shift. Both indicators together usually signal that price might be nearing the end of a sell-off phase and preparing for a reversal zone. If buyers stay consistent, ZEC could soon test the wedge’s upper boundary, where a breakout would carry some real weight.
Key levels and risks to watch
ZEC is currently edging toward the 0.5 Fibonacci retracement around $395—a level that acted as strong support before and now flips into a major test. If bulls push through, the 0.618 Fib near $478 becomes the next checkpoint, and breaking that would essentially confirm a broader trend reversal. If momentum stalls, though, ZEC could be dragged back toward the 0.382 Fib at $310. A revisit to this support likely depends on broader market sentiment, especially if Bitcoin turns rough again or liquidity weakens across privacy coins.
