Zcash News Today: Zcash Bulls Test $330 Support as Bearish Momentum Fades

Zcash is currently at a critical juncture in its price movement, with traders closely watching whether the $330 support level can hold firm. The token has experienced a sharp 25% decline over the past weeks, but recent price action suggests a potential stabilization. Technical indicators like the RSI are showing signs of exhaustion in the bearish trend, while bulls have successfully defended the key $330 support for two consecutive days.

The price of ZEC is approaching the 0.382 Fibonacci retracement level at $302, a historically significant area where previous rebounds have occurred. A daily close above $340 could validate a bullish divergence and signal the start of a short-term rebound. At the same time, the token has been distributed across the market, but it has yet to stabilize, leaving uncertainty about the next move.

Traders are divided on the potential path forward. A breakout above $385 would likely trigger a recovery move, with the price aiming for $400 and beyond, while failure to hold the $330–$345 zone could lead to a retest of the $300 level according to technical analysis.

Technical Signals and Market Sentiment

Recent price action on the 4-hour chart shows a narrowing range, with candle sizes and trading volumes shrinking. These are typical signs of weakening selling pressure, suggesting that bears may be running out of steam. Zcash has also reclaimed the $340 zone, a level that aligns with past support areas. A sustained close above this threshold would strengthen the case for a near-term rebound.

ZEC has not only stabilized near key support levels but also shown signs of accumulation. Bullish wicks on lower timeframes indicate that buyers are actively defending liquidity pockets. Additionally, the RSI and momentum indicators are showing mild divergence, which often signals a potential shift in trend before strong bullish confirmation.

Short-Term Price Scenarios

The next 24 hours are expected to be pivotal for Zcash. In a bullish scenario, if the price remains above $330 and breaks above $385, ZEC could enter a short-term rebound phase. A move above $400 would likely accelerate gains, with price targets in the $525–$545 range. This would confirm a shift from consolidation into a recovery mode.

Conversely, a breakdown below the $330–$345 zone would expose ZEC to a test of the $300 level. If this psychological support fails, selling pressure could intensify, pushing the price toward $270 or lower. This scenario would reinforce the ongoing weekly downtrend and raise concerns about further distribution.

What This Means for Investors

For now, Zcash remains at a crossroads. The token's current position reflects a key inflection point where buyer and seller activity will dictate the short-term trajectory. Investors are advised to monitor the $330 support and $400 resistance closely, as these levels could determine whether the market enters a recovery phase or continues its downward drift.

Analysts are also watching how Zcash responds to broader market conditions. The recent surge in interest in privacy-focused assets has helped ZEC attract new buyers, but the token remains sensitive to macroeconomic shifts, particularly in the Bitcoin market. Traders are advised to remain cautious and use stop-loss orders to manage risk in a volatile environment.

Conclusion

Zcash is now in a critical phase of its price movement. While the immediate bearish trend has shown signs of weakening, a definitive reversal is still pending. The coming 24 hours will provide clarity on whether bulls can push ZEC out of its consolidation phase and into a recovery. For now, the $330 support level remains a focal point for traders and investors alike.