Zcash ($ZEC ) continues to show notable strength above the $400 level, even as the broader crypto market faces pressure. With Bitcoin demand softening and ETF inflows slowing, traders are increasingly turning their attention to ZEC’s relative resilience.
Over the past 24 hours, ZEC has climbed 8.4%, signaling that buyers remain active and willing to defend key support zones. This performance has positioned ZEC as one of the stronger large-cap altcoins during the current market pause.
Bullish Structure Remains Intact
ZEC’s momentum is supported by both technical structure and ecosystem growth. Recent on-chain developments have expanded token utility, including yield opportunities that add real holding value beyond pure speculation.
From a technical perspective, the three-day chart maintains a bullish swing structure. The late-November pullback toward the 61.8% Fibonacci retracement at $315 held cleanly, preserving the broader uptrend. Since then, price has consistently defended the $400 psychological level for over two weeks, reinforcing buyer confidence.
However, momentum indicators suggest caution:
Chaikin Money Flow (CMF) shows capital outflows, hinting at reduced buying pressure.
MACD momentum is slowing, despite price stability.
A decisive breakout above the $476 swing high would likely confirm bullish continuation, opening the door toward $600 and potentially $750.
Key Levels Swing Traders Are Watching
Despite ZEC’s strength, risks remain if buying pressure continues to fade. A daily close below $400 would weaken the bullish case, while a breakdown under $371 could confirm a bearish shift, exposing downside toward the $300 region.
For active traders:
$416–$434 remains a key demand zone and potential long entry area.
$450 acts as near-term resistance and may be tested before any higher move.
A sustained drop below $404 should be treated as a warning signal.
Outlook: Resilient, but Not Risk-Free
ZEC stands out in a market where Bitcoin momentum has slowed and capital rotation is becoming more selective. Expanded utility and consistent defense of major support levels have attracted both long-term holders and swing traders.
While the structure remains cautiously bullish, confirmation is still needed. As long as $400 holds, ZEC retains the potential to outperform — but a loss of that level would quickly shift the narrative in favor of the bears.
