Zcash’s price has risen sharply this cycle, rising over 700% in three months, followed by a healthy pause. After rising strongly throughout last week, prices have now pulled back, raising the question of whether they are losing momentum or simply resetting.
Although the short-term price movement appears to be undecided, on-chain and volume data suggest that buyers may still be quietly in control. The next move will depend on whether Zcash can turn the integration into a continuation.
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Despite the amount of cooling, buyers still control the structure
Zcash price is currently trading within a tightening triangle pattern, which reflects short-term buyer and seller indecision rather than outright weakness. Importantly, price continues to respect the uptrend line that led to this cycle’s uptrend. As long as this structure is maintained, the broader setup will remain constructive.
Volume behavior adds important context. Using Wyckoff-style volumetric color analysis, blue bars indicate buyer-driven activity, while yellow and red bars indicate increased seller control.
Buyer volume has calmed down recently, but blue bars still dominate. A similar slowdown occurred after October 17th, when buying pressure briefly subsided, but Zcash has since risen more than 300%.
Cooling alone was not enough to end this trend. As long as the blue bar is dominant, the rally is likely to remain strong even if there is a pullback.
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Spot flow data supports this situation. Spot flows track whether coins enter or leave an exchange.
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Inflows suggest potential selling, and outflows suggest accumulation. On December 12th, Zcash recorded spot inflows of approximately $14.26 million. This means the coin has been moved to the exchange.
By December 13th, net outflows had sharply declined to around $17.34 million, indicating that the coins were instead pulled from exchanges.
That shift is important. Exchange outflows reduce immediate selling pressure and often reflect spot buying intervening during declines rather than distributing to strength.
Despite a modest decline of about 2.5% in the past 24 hours, Zcash is still up about 20% in the past week and more than 700% in the past three months. The trend hasn’t broken. Consolidation is progressing.
Zcash price levels that define the next move
Zcash price needs to break out of the triangle to continue the bullish structure. The key level to watch is $511, a 24% increase from current levels. A clean daily close above this level would confirm a bullish resolution and indicate that buyers have regained control.
If this breakout were to occur, the first upside target would be around $549, followed by $733, which would have been the upper bound for the early-cycle rally. Higher resistance zones exist around $850 and $1,190, but sustained momentum and a supportive broader market environment are required to reach these resistance zones.
Downside risks remain clearly defined. When the price of Zcash falls by $430, the triangle structure weakens. Strong support lies near $391, and a deeper breakdown could open the door to $301 if risk-off pressure spreads across the market.
