Cryptocurrency $ZEC (Zcash) shows signs of a confident recovery after a recent decline. The current price of ZEC has bounced back from a local minimum around $374 and has managed to stay above the important psychological level of $400, which significantly improved the technical outlook of the asset.
Technical analysis of ZEC
From the perspective of technical analysis, Zcash has transitioned into a stabilization phase after correction. Increased momentum and rising buyer activity indicate the formation of a potential upward trend. Sellers are losing control, and the price structure is becoming more stable.
The current zone looks attractive for traders due to a good risk-reward ratio, especially if positive momentum is maintained.
Key levels$ZEC
Currently, the following important price levels can be highlighted:
Entry zone for ZEC: $400 – $405
Target 1: $420
Target 2: $445
Target 3: $480+
Stop-loss: below $385
These levels can be useful for both short-term trading and medium-term planning.
Price forecast for Zcash (ZEC)
If the current momentum is maintained, the forecast $ZEC remains moderately bullish. A breakout and consolidation above the $420 level could pave the way for further growth towards $445 and above. In the event of a strengthening cryptocurrency market overall, the price of Zcash could test the $480 area and higher values.
However, if support at $400 is lost, the risk of returning to the $385 zone increases, making risk control critically important.
Is it worth buying ZEC now?
ZEC looks technically interesting against the backdrop of recovery and the return of key levels. However, investing in the cryptocurrency Zcash requires a balanced approach, consideration of volatility, and strict risk management.
Conclusion
ZEC shows signs of technical recovery
The price of Zcash is holding above $400
Momentum is strengthening, and the market structure is improving
Growth potential remains if risk levels are adhered to.
Trade disciplined, use stop-losses, and do not risk capital you are not prepared to lose.
This material is for informational purposes only and is not financial advice.
