ZEC / Zcash Market Update
The aggressive longs that pushed the rally upward have now been washed out after the flush to $300 the board has officially reset.
All eyes are now on the $380 pivot.
A clean break and close above this level flips the structure back to neutral and opens the door for a short-term squeeze straight into the $420 supply zone.
But if $380 rejects, the chart will confirm one thing:
The downside isn’t done yet.
There’s still a pocket of knife-catchers sitting in the $250–$290 range and the market loves to punish early accumulators.
Fail at $380, and price likely drifts down to clear them out.
ZEC
444.66
-0.45%