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The Zcash price has done something important after weeks of weakness. Since January 19, the price of ZEC has risen by about 15%, rising from the lowest breaking point near $336 to about $362. The move came a few days after a discovery in a bearish pattern was confirmed, exactly the kind that often traps aggressive sellers.
The structure still appears unstable on the surface. But underneath that, the build-up began to grow quietly. Now the focus shifts to a level. Zcash is about 9% below the key lie level, which also puts a major EMA line in focus. Whether the price can regain this level can be determined if this rebound will remain a rebound or will turn into something bigger, perhaps a demonstration.
The bounce brings the 100-day MA into focus
The rebound didn’t happen suddenly.
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After the live crash was triggered, the price of Zcash briefly fell towards $336 before buyers intervened. To trigger a potential trap.
Since then, the price has risen about 15%, resting just below the 100-day EMA. The pure consumer rate is a trend indicator that gives more weight to recent prices.
The last time Zcash retook its 100-day EMA value on December 3, the price rose more than 70% in the following weeks. This story does not warrant a repeat, but it explains why this level is so important now.
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Meanwhile, sellers remain active near resistance. The ZEC had difficulty clearing above $386, as this rebound stalled, which shows that the supply has not disappeared. This maintains the bearish technical structure. The question is whether the buying below the fund is strong enough to force a redemption anyway.
The answer begins with who bought from January 19.
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The whales pile up as the buying power of dibs increases
Series data shows accumulation where it usually matters.
In the last seven days, Balene Giganti (Top 100 titles) has increased by Its shares in ZEC By about 9%, raising the balance to about 42,623 ZEC. This means a net accumulation of about 3,500 ZEC during the rebound phase.
This was followed by traditional whalebone wallets. Stakes in this batch increased by about 5%, bringing the balance to about 10,182 ZEC. This equates to an additional 480 ZEC accumulated over the same period.
Collectively, the whales have added about 4,000 ZEC since January 19. This is not a purchase at a higher price. It is an accumulation after a certain collapse, anticipating the strength of the price. However, the smart money has taken off completely, indicating a slight prospect of a near-term recovery.
Momentum indicators support this view. Between January 14 and January 24, the ZEC price trended lower, but the Money Flow Index rose, creating a bullish divergence.
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MFI measures buying and selling pressure using price and volume, and is a potential indicator of a price decline. When the price falls while the average investment rises, this indicates a buy-low below the surface. This style often protects against potential flaws.
Derivatives positioning adds another layer. After the recent move, leverage has been reset and is fairly balanced. Over the next 30 days on Binance ZEC perpetual puts, shorts slightly outperformed buying at $26.37 million versus $22 million in long contracts.
This imbalance means that the price does not need a complete trend reversal to go up. Even a moderate push can start to force a short cover.
All these points point to the same thing. The accumulation exists.
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Zicash price levels that confirm or eliminate a bear trap
The structure is now simple.
On the other side, the trap fails If ZEC loses Between $335 and $336 at the end of each day. A move below this level keeps the bearish pattern active and reopens the way for a deeper decline.
On the upside, the main test is near $386-395 (0.236 lie level), about 9% from current levels. This zone corresponds to the 100-day EMA. A daily close on this would cancel the December recovery and significantly weaken the bearish structure.
If this recovery occurs, the next bullish zone will be near $463, where the previous supply and liquidation groups are located. Pushing more than this will completely invalidate the right shoulder and shoulder pattern. Above $557, the broader negative thesis breaks.
Until one of these levels collapses, it remains Zcash price In a narrow decision area.
The conclusion is clear. The ZEC is already in 15%, while the whales are accumulating in weakness, and the low buying pressure is evident. The price now remains only at 9% of the level that historically opened much larger moves.
