Zcash price is trading near $390, up more than 11% over the past seven days, as buyers continue to hold up a recently reclaimed support area. The price has been oscillating after touching the $380 region earlier in the session, moving up towards the high $390s, and now consolidating in a narrow range.
The current market capitalization is $6.43 billion, while trading volume has edged up to $524 million. The tape shows stabilization rather than acceleration. Selling pressure has faded, but follow-through buying remains selective.
Buyers Defend Support as Breakout Structure Holds
ZECUSDT has confirmed a falling wedge breakout on the 8-hour chart, according to World Of Charts, which expects upside continuation with a measured objective toward $500 if the structure holds.
Another analyst, Sjull, notes ZEC attempting to flip a local structure after forming a three-drive pattern into support. Price has since moved back above the former range floor, turning that zone into active support.
The $370–$380 area is now the line traders are watching. Bids have consistently appeared there over recent sessions. As long as the Zcash price holds above this band, downside attempts look corrective rather than trend-defining.
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Overhead, the $400–$413 zone remains the first area of supply, aligned with short-term moving averages that continue to cap upside. A clean acceptance above that region would likely expose the next liquidity pocket near the low-$440s, where volume-weighted resistance sits.
Meanwhile, momentum readings remain conflicted. Weekly RSI sits in neutral territory, and MACD continues to lag, explaining the choppy follow-through after the breakout. At the same time, medium- and long-term moving averages are trending higher, and the moving averages are rated a Strong Buy.
In practical terms, this setup points to trend repair rather than trend extension. Buyers are rebuilding structure, but price is still working through the overhead supply left from the prior downtrend.
A loss of the $370 area would place the breakout back into question and likely return the Zcash price to range behavior.
Fundamentals Provide Backdrop, Not the Trigger
The privacy coin sector remains in focus, with other coins like DASH and Monero seeing huge increases in the past months, and Arthur Hayes’ Maelstrom fund holding ZEC as a top liquid asset. Separately, the SEC closed its probe into the Zcash Foundation on January 14, removing a key regulatory overhang.
These developments support longer-term positioning, but they are not driving the day-to-day tape.
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