Zcash (ZEC) maintains a bullish macro structure despite a recent pullback, with a potential liquidity sweep toward $760–$694 viewed as a reset before another advance. Rising market activity and growing ZEC-backed borrowing further support renewed demand. At press time, ZEC trades at $811.83 with a market cap of $13.67 billion, down 2.1% in the last 24 hours. Analyst Eric Van Tassel notes the structure remains bullish, while RHEA Finance reports increased trading volume and collateral usage.
Zcash (ZEC) is trading at $811.83 with a 24-hour volume of $630.89 million and a market capitalization of $13.67 billion. Despite a 2.1% loss over the last 24 hours, the price structure and network growth point to a bullish reversal ahead.
According to analyst Eric Van Tassel, ZEC continues to show a bullish macro structure despite its recent pullback. The cryptocurrency may be entering a liquidity sweep toward the $760–$694 zone, which aligns with previous resistance and the upper boundary of a broader ascending triangle.
A successful retest of this area could confirm the breakout and reset elevated daily RSI momentum. Van Tassel stated that “a swift plunge into this territory is not expected to undermine the bullish bias if ZEC promptly manages to retake this area.” This move could create better liquidity conditions and serve as a base for the next upside move toward resistance between $887 and $900.
Data from RHEA Finance highlights that ZEC has come under active market participation once again. Its 24-hour trading volume climbed back above $15 million, surpassing a previous update. Additionally, 4,520 ZEC has been supplied as collateral to borrow stablecoins, indicating growing demand for liquidity backed by ZEC holdings without selling them.
In response, RHEA raised the ZEC market utilization rate to 70% by September 1, 2026, to cover more lending activities. This move may enhance capital efficiency but could reduce liquidity during volatile price movements.
The next target for ZEC is a test of the support zone between $760 and $694. A successful test could see bulls return and drive the price back toward $887–$900. A break above $900 could indicate further upward movement.
