Zcash once again pushed toward the $400 mark, a level that has repeatedly tested bullish conviction, but the move didn’t stick. The ZEC price slipped back below resistance, reminding traders that sellers are still firmly defending higher levels. The rejection comes at a time when the broader crypto market is struggling to regain momentum, making Zcash’s failure harder to ignore.
Is this simply another short-term setback in an ongoing consolidation, or is the market signalling deeper hesitation around ZEC’s upside? The answer now lies in how the price behaves after this rejection.
Zcash price is once again testing trader patience after failing to reclaim the $400 resistance, a level that has repeatedly capped upside attempts. The rejection comes as broader crypto markets struggle for direction, leaving ZEC caught between fading bullish momentum and the absence of aggressive selling. While price remains above key support, the inability to sustain higher levels has raised doubts over near-term strength. The chart now reflects a market at a decision point, where the next move could define short-term direction.
As seen on the daily chart, ZEC continues to trade within a descending structure, with price repeatedly rejected near the upper trendline. The latest pullback has pushed the price closer to the mid-range, while Bollinger Bands remain wide, indicating no volatility compression yet. Volume has declined compared to the prior rally, and the Chaikin Money Flow hovers near neutral, signalling weak conviction from both buyers and sellers. This setup suggests continued consolidation unless a decisive breakout or breakdown occurs.
From a technical standpoint, the Zcash price remains range-bound within a descending structure, keeping the broader trend cautious. A sustained move above $400–$420 would be required to invalidate the current bearish bias and open the door toward $460 and $500 in the short term. On the downside, failure to hold the $350–$340 support zone could expose ZEC to deeper pullbacks toward $300. Until a decisive breakout occurs, price action favours consolidation with downside risk still present.
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