Zcash has drawn renewed attention after a powerful move that shifted its short-term structure from consolidation to trend. Eric Van Tassel recently pointed out Zcash has drawn renewed attention after a powerful move that shifted its short-term structure from consolidation to trend. Eric Van Tassel recently pointed out

Zcash (ZEC) Price Outlook: Why $560–$610 Could Trigger the Next Big Move

Zcash has drawn renewed attention after a powerful move that shifted its short-term structure from consolidation to trend. Eric Van Tassel recently pointed out that price strength alone may not be enough for ZEC to clear its next major barrier.

According to his view, lasting upside usually needs sell-side liquidity, which forms through deeper corrections rather than shallow pullbacks. Without that process, rallies can lose stability once they reach heavy resistance.

On the 4-hour chart, ZEC surged aggressively after spending weeks moving sideways. Price reclaimed several Fibonacci retracement levels in quick succession, a sign of strong spot buying rather than a slow, leverage-driven climb.

The break above the mid-range near $500 invalidated earlier lower highs and turned former resistance into support. This shift confirms that buyers currently control momentum on lower timeframes.

Source: X

The price is moving upward to test the resistance level of $560 to $610. These levels correspond to the Fibonacci extension areas and previous resistance levels. Markets tend to become highly volatile after major jumps when testing these levels.

Also Read: Zcash Price Analysis: ZEC Whale Move Sparks Hopes For 35% Rally ahead

Zcash Short-Term Structure Signals Strength With Caution

Nonetheless, the negative levels remain significant. The zones of demand around $510-$500 and below around $425 indicate areas where the price has paused.

These areas correspond to major levels of retracement, so it is no surprise that they should make attractive areas of return for buyers if ZEC is taking profits. The region above $475-$480 is of particular significance.

The momentum indicators seem to suggest a cautious approach to buying. The RSI indicator on the 4-hour chart is relatively high and close to overbought, which makes it seem as if there is a strong momentum; however, it also seems that there may be a pause or a phase where it stays flat.

Daily Trend Remains Bullish Above Key Support

Currently, it is trading in the range of $535-$536 in the daily chart. This is after a steady increase in the past months, from as low as $100 to a high of over $550. 

Later, it reversed in an organized manner in the month of December. The current level of around $500 has become a psychological as well as a technical level.

Source: Tradingview

ZEC holds strong above its previous breakout value of $300-$350. The RSI value is at 63 on a daily chart, which is a positive signal but not overbought. The MACD is displaying initial signs of building momentum after the decline. There are minimal selling activity levels depicted in the volume indicator.


Also Read:
Zcash Price Analysis: Bulls Stay in Control as ZEC Targets $750

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