- Zcash price held its broader weekly strength despite a 24-hour pullback.
- The key breakout barrier stands at $397.73.
- MACD remains positive with RSI at 76.89
After a price rally that sent Zcash above $384 yesterday, things turned as ZEC struggled to maintain that level. During today’s Asian trading session, Zcash opened at $383 before trading lower to a low of $366. This volatility has sparked discussion about the future of Zcash’s price, as it trades with over 56% weekly gains.
Zcash Price Keeps Weekly Gains, as Spot Net Flow Favors Inflows
According to CoinMarketCap data at the time of press, Zcash’s price traded at $371.26 after posting a 0.5% decline over the last 24 hours. The Zcash price moved within a higher weekly range, showing that bulls dominated the broader trend this week. The session began near the $370 area and quickly advanced into the mid-$370 range. That early move extended further as ZEC climbed above $380 during the stronger phase. Price later touched the upper-$380 zone, marking one of the session’s highest trading levels.
After that rise, momentum cooled, and the market pulled back from the peak. The decline unfolded in stages, but the price remained above the weekly base for most of the session. Several rebounds followed and kept ZEC moving within a relatively firm upper range. That pattern showed continued resilience even as short-term weakness appeared later in the day. A sharper dip then pushed the price briefly below the $370 area before recovery returned. ZEC rebounded again and traded back into the low-$370 range with modest stability. Later movement stayed uneven, though price continued holding close to recent weekly highs.
The 24-hour structure, therefore, recorded volatility within an upward weekly trend. This week’s price action kept bulls in control, despite the latest daily pullback. Today’s movement showed an early rise, a retreat from highs, and continued holding above key weekly levels. On-chain data places the Zcash price on the safe side, with inflows dominating the outflows. According to Coinglass, ZEC spot net flow has stayed volatile since last year, with alternating inflow and outflow phases.
Early October and early November recorded strong positive inflows, with several spikes above $30 million and peaks above $60 million. Late November then shifted sharply negative, with repeated outflows near $60 million. Recent activity remained closer to neutral, while the latest reading showed a modest positive net flow of $148.11 thousand.
ZEC Price Holds Strong Recovery Structure as Price Presses $397 Barrier
According to TradingView technical analysis, the Zcash price remains in a steep recovery structure after rebounding from the major support area near $207.20. The price trend shows a strong upward channel from early April, with the price advancing quickly toward the major resistance at $397.73. That rally places ZEC among the week’s strongest gainers and keeps the price aligned with the rising regression path.
The recent move reached the upper part of that channel and approached the $397.73 resistance line. Price then faced rejection before fully clearing that level, which matches the stretched candle structure visible near the top of the move. That rejection keeps $397.73 as the immediate breakout barrier. If ZEC price pushes above it with follow-through, the next target sits in the $400 to $440 zone, based on the channel extension and the recent breakout pace.
The lower side of the current structure sits near the channel support, which is now connecting to the mid-$330 area. That area matters because it lines up with the first support after the recent surge. If the price loses that zone, the next support remains closer to $300, while the major chart floor stays at $207.20.
Further retraction into the $315 to $329 area would still accommodate the existing breakout framework without breaching it completely. The price set up also matches the indicators on the price pattern. MACD is positive, and the MACD line is above the signal line. The RSI is 76.89, and it puts ZEC in an overbought zone. That reading supports strong price movement, but it also shows the move has become extended.
