$ZEC

ZEC

229.38

-4.12%

Zcash is trading near $240, rebounding from the major $185–190 demand zone, which previously acted as a long-term accumulation area. On the daily chart, overall structure remains bearish, with a sequence of lower highs from the $610 macro top, confirming long-term distribution. However, the recent sharp bounce with strong volume suggests capitulation selling followed by short-term absorption. Momentum indicators typically recover from deeply oversold levels after such moves, favoring range stabilization or a relief rally. Immediate resistance is located at $260–280, while holding above $220 is critical to maintain recovery structure. Bias: short-term neutral-bullish, long-term cautious for spot accumulation only.Always DYOR. #zec #zcash