Zcash (ZEC) recently experienced a strong drop but has started to recover after hitting an important long-term support zone. The price bounced from the 0.618 Fibonacci level, which many traders consider a potential reversal area. After this bounce, ZEC attempted to move back above the $375 resistance level, and if it holds this area, analysts believe it could push toward $450–475 in the short to medium term. However, the long-term trend is still weak because ZEC previously broke below its bullish channel, meaning this recovery might only be a temporary rally rather than the start of a full bull run. ZEC’s movement also depends heavily on overall crypto market sentiment, especially Bitcoin, and privacy-coin regulations may also influence its future performance. With the current price around $340–345, traders should watch support and resistance levels, monitor volume and momentum, and manage risks carefully due to its volatility.
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ZEC
415.12
-5.85%