Zcash is struggling to extend its recovery as selling pressure returns near the $1,360 resistance zone. The ZEC price is trading around $1,295.71, down 2.06% over the previous 24 hours. Although the broader recovery structure remains intact, repeated rejections near overhead resistance suggest that buyers have yet to regain decisive control.
With the price approaching a critical intersection between horizontal support and the ascending trendline, the next move could determine whether ZEC resumes its recovery or faces another deeper correction.
Zcash Consolidates Below Critical Resistance
After climbing sharply from below $700 to nearly $1,700, the cryptocurrency has entered a consolidation phase, with buyers attempting to defend a rising trendline. ZEC has spent the past several weeks consolidating while maintaining an ascending trendline. At $1,295.71, the token remains above its immediate support structure, but the repeated rejections near resistance indicate that buyers still need to demonstrate stronger momentum.
Key technical levels to watch
- Resistance: $1,368
- Support 1: $1,185
- Support 2: $1,113
- Trendline Support: Dynamic
- RSI: Mildly positive momentum without being overbought reading
- CMF: Suggests marginally positive capital flows
Bearish Scenario: A decisive daily close above $1,368 could open the door for another upward move
- TP1: $1,450
- TP2: $1,550
- TP3: $1,650
- Stop-loss: $1,285
Bearish Scenario: Failure to break $1,368 could prolong consolidation. A breakdown below $1,185, particularly alongside a loss of the ascending trendline, could expose ZEC to $1,113.
- Downside target: $1,113
- Downside invalidation: recovery above $1,368.
Conclusion: Breakout or another correction?
The Zcash (ZEC) price remains at a technical crossroads. The $1,368 resistance is the immediate level buyers must overcome, while $1,185 and $1,113 remain key support levels. A confirmed breakout could revive the recovery, whereas a breakdown below support would weaken the bullish structure.
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