Zcash (ZEC) is showing signs of renewed strength after recovering sharply from a major support zone, with market participants closely watching whether the ZEC price can extend its advance toward the $675-$700 range.
Recent chart analysis shared by Third Eye highlighted a significant shift in market structure after the ZEC price bounced from a key demand area and reclaimed important price levels.
Based on the analysis, it can be concluded that the rally occurred following the Change of Character (CHoCH) and the Break of Structure (BOS), factors that typically indicate improved market conditions.
The price action has shifted towards the region of $478, which is a major resistance level as well as the previous day’s high. The range of $468-$500 is now viewed as the most critical level for further development.
Also Read: Bitcoin Price Stays Above 200-Week SMA as Market Awaits Clear Breakout Signal
ZEC price Rebounds After Liquidity Sweep
As seen on the latest 4-hour chart, ZEC emerged from an extremely challenging period during which there was an abrupt decline at the beginning of June.
Source: X
This fall, the price was seen moving through the liquidity levels under previous lows. It did not trigger a long-term downtrend but attracted buyers between the $350-$380 levels.
The immediate bounce established a base for the recovery, indicating that the selling was perhaps a liquidity grab prior to the move higher. Since then, the price has established higher lows, indicating that buyers are taking charge.
The ZEC price has held above the $430-$440 support area during various tests, which is often indicative of accumulation. The move higher towards the $520-$540 area improved the picture, while the subsequent decline remained within the $445-$460 demand area.
Long-Term Trend Remains Constructive
According to Tradingview analysis, the weekly picture is still fine despite the recent ups and downs. During 2024, the ZEC price was trading mostly in the $20-$60 range. Late in 2025, the breakout took place, and the coin surged from $50 to close to $750 within just several weeks.
Source: Tradingview
Support around $200-$250 came after the reversal and prevented further losses. Since then, the coin has been trading mostly in a wide $200-$700 range.
The momentum indicators also support the long-term trend. Weekly RSI is at 55, above neutral and indicating strength. However, the ZEC price is trading below its 9-period DEMA at $518, showing that further consolidation is required for it to achieve a big breakaway move.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
