Zcash (ZEC) continued to warm up on Tuesday, rising 10.29% in the past 24 hours to over $425, up 41.50% from a low of about $300 a week ago.
Key Points:
ZEC targets $500, with double bottom signals and whale accumulation supporting the rebound.
The risk of a bearish flag pattern still exists, and the overbought RSI suggests a possible pullback to the $260–$280 range.
This strong rebound has led some analysts to expect further increases to $500 or above in the coming days.
Can Zcash retest the psychological resistance level?
Trader Goomba pointed out that the recent volatility lows in Zcash may form a double bottom structure.
This pattern seems to be developing in the $300–$310 range, where ZEC recorded two similar troughs in a short period. It then broke through the temporary resistance around $380, marking the neckline breakout described by traders.
This formation has a measured target, placing the next significant target in the $480–$500 range, consistent with the previous supply zone.
Goomba noted that as long as ZEC remains above the reclaimed neckline level, the structure remains valid.
According to data emphasized by trader Ardi, ZEC's retail holders ($0–$1,000) and medium-sized traders ($1,000–$100,000) have cut over $30 million in net exposure during the recent rebound.
In contrast, larger whale accounts ($100,000–$10 million) increased their exposure by over $100 million during the same period, indicating a behavioral divergence.
In simple terms, smaller participants seem to be selling during the rebound, while high-cap accounts are increasing their exposure.
This enhances the potential for ZEC to continue warming up to the $500 level, as larger investors anticipate higher prices.
The latest rebound in Zcash occurs within what still appears to be a classic bearish flag pattern, which formed after a significant sell-off in November.
Historically, these ascending channels typically resolve downward, and ZEC's failure to maintain above the flag's upper trendline indicates that sellers have regained control as of Tuesday.
The price also struggles to break above the 200-day exponential moving average (200-4H EMA; blue wave), reinforcing the bearish continuation setup.
Meanwhile, ZEC's relative strength index (RSI) has exceeded the overbought threshold of 70, a region where upward momentum typically wanes.
Overall, these signals suggest that a breakout from the flag may have opened a pathway to the $260–$280 range, approximately 35% lower than the current price level.
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Original: “Will Zcash (ZEC) Return to $500 or Higher Before 2026?”
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