Zcash just pulled off one of its strongest rebounds in weeks, and it came right off the exact support zone traders have been watching
Michaël van de Poppe pointed out that the ZEC price has already bounced around 44% from this level, calling it a solid spot for accumulation, especially since the token is still down more than 50% from its recent lows. With the broader market stuck in uncertainty, ZEC’s reaction here is starting to stand out.
ZEC Shows a Clean Bounce From a Major Support Zone
On the daily chart shared by Michael, the move looks even clearer. The ZEC price tapped into the wide support block between roughly $280 and $320 and immediately found buyers waiting
This same zone has held during earlier pullbacks, and it delivered another strong response now. Volume picked up on the bounce too, which indicates real buying interest, not just a technical blip.
Source: X/@CryptoMitchNL
As long as the ZEC price holds above this support area, the structure leans toward recovery rather than continuation of the previous downtrend.
Read Also: These 5 Altcoins Just Got an AI Green Light for a Potential 5x Rally
The Real Test Now Sits Above
While the bounce is impressive, ZEC still has a big challenge overhead. The resistance zone between $450 and $520 is the same level that rejected price during the last attempt at a rally
The daily timeframe also shows the ZEC price sitting below the 20-day moving average, which means the short-term trend hasn’t fully flipped yet.
Breaking the moving average and then pushing into that resistance band would be the sequence traders will watch closely. If ZEC can clear it with strength, the entire chart opens up again.
What a Market Trend Shift Could Mean for ZEC
Van de Poppe believes the ZEC price is in a good position if the market begins shifting back into bullish mode. A reclaim of the 20-day MA would be the first sign the trend is turning. A break above resistance would confirm it.
If those pieces fall into place, ZEC could regain the momentum it had earlier this cycle. For now, though, the key takeaway is simple: the token avoided a breakdown, held a major demand zone, and bounced nearly 44% off the lows. That’s not a trend reversal on its own, but it’s exactly the kind of reaction early in a recovery.
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The post Here’s Where Zcash (ZEC) Price Could Go Next After Bouncing 44% appeared first on CaptainAltcoin.
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This level has held firm since December,
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