$ZEC has already delivered a massive move this cycle, surging over 700% in just three months. After a strong push last week, price has now entered a cooling phase โ and traders are asking the same question: Is momentum fading, or is this just a reset before the next leg up?
So far, the data suggests buyers are still in control.
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๐ Structure Still Bullish, Not Weak
ZEC is currently consolidating inside a tight triangle pattern, a classic sign of balance rather than breakdown. Importantly, price continues to hold the rising trendline that has guided this entire rally. As long as this structure stays intact, the broader trend remains bullish.
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๐ต Volume Tells a Familiar Story
Using Wyckoff-style volume analysis:
Blue bars = buyer dominance
Yellow/red = seller pressure
While volume has cooled, buyer-led activity is still dominant. We saw the same behavior earlier in the cycle โ buying slowed briefly, then Zcash exploded over 300% higher. Cooling volume alone hasnโt ended this trend before, and it may not this time either.
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๐ฐ $17M Pulled Off Exchanges = Accumulation
Spot flow data adds another bullish clue:
Dec 12: ~$14.26M moved onto exchanges (potential selling)
Dec 13: ~$17.34M moved off exchanges (clear accumulation)
Coins leaving exchanges usually mean spot buyers are absorbing dips, reducing immediate sell pressure. Thatโs not distribution โ itโs quiet confidence.
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๐ What Levels Matter Next?
Bullish confirmation:
Break and daily close above $511
Targets: $549 โ $733
Extended upside (if momentum holds): $850 โ $1,190
Bearish invalidation:
Lose $430, structure weakens
Support: $391
Deeper risk: $301 if market sentiment turns risk-off
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๐ง Bottom Line
Despite a small pullback (~2.5% in 24h), Zcash is still up ~20% this week and firmly in an uptrend. With strong exchange outflows and buyers defending structure, this looks more like consolidation before continuation, not a top.
The next breakout could define the next major move. ๐
#Zcash #ZEC #CryptoAnalysis #altcoins #onchaindata
