Zcash rebounded from a significant two-week decline, showing signs of bullish momentum. Large holders increased their token accumulation, while derivatives data and trading volume indicated growing trader confidence. The price is currently testing a critical long-term support level, a zone that has historically preceded substantial rallies, although future performance remains uncertain.
Zcash’s bearish stretch began to ease after the token lost roughly 42% over the past two weeks. Recent data pointed to growing bullish interest, driven by whale accumulation, derivatives positioning, and improving price structure.
According to Nansen data, the top 100 ZEC wallet addresses increased their holdings by 8.85%, adding 42,623 tokens. This accumulation suggests major crypto players are following a ‘buy-the-dip’ strategy, a sentiment also reflected in a 43% jump in trading volume to $495 million.
Derivatives data from CoinGlass further indicated traders leaned bullish. Heavy long positioning was clustered around the $325 level, with $7.37 million in long-leveraged positions compared to $5.45 million in shorts near $365.
Spot price action showed ZEC trading near $351, holding the key $320 support level defended since October 2025. This marked the fourth retest of that zone, which historically preceded a rally of over 60% within one month.
Technical indicators added to the cautiously optimistic outlook, with the Money Flow Index rising from the oversold zone to 37.76. The price, however, remained below the 50-day Exponential Moving Average, a signal it is still in a downtrend.
Prominent crypto trader Whale.Guru suggested on X that ZEC could eventually surge toward $2,000. While such projections remained highly speculative and uncertain, they reflected rising confidence around a potential trend reversal.
