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Zcash was one of the strongest mobile projects on the market. It has risen more than 1,000% in three months, but the last seven days have seen a 15% drop. Many traders are now wondering if the Zcash price rally is over.
But the chart also shows two important signals of a continuation. Both indicate an arrest, not an expiration.
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The price structure still favors a continuation of the upward trend
Zcash Trades It is in an ascending triangle. This pattern is formed when the price continues to hit a strong ceiling, but the lows grow each time. This shows that buyers are slowly taking control.
For Zcash, the horizontal ceiling is near $738, the level that blocks all movements since November 7. The rising trend line below the price forms the second half of the pattern and maintains the bullish structure.
A second detail reinforces this view.
Between October 30 and November 24, the price made a higher low while the Relative Strength Index (RSI) made a lower low. RSI tracks momentum. When the price rises but the RSI falls, it creates a hidden bullish divergence. This usually supports a continuation rather than a reversal. This is not the first time this has happened.
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A similar RSI divergence appeared between October 30 and November 11. After that, Zcash jumped by 74.85%.
The same pattern is emerging again now, giving traders a reason to be patient rather than calling the top.
Buying pressure is starting to rebuild
Smaller traders are starting to show more interest.
Between November 20 and November 25, the price of Zcash made a lower high while the Money Flow Index (MFI) made a higher high. The IMF measures how much buyers intervene during pullbacks. When the MFI rises against the price, it shows a new buying power on the dips.
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The key level of the MFI index is near 62.09. A clean move above this limit usually confirms that buyers are coming back in force.
This improvement in retail buying is well coupled with the growing support in the triangle, suggesting that the recent weakness may just be a reset before the next move in… The cash price has returned.
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Can the price of Zcash continue to rise? If key levels are breached
Commerce The price is like cash It is now close to the middle of its model. The next steps depend on how the price reacts to certain clear levels. ZCash must first exceed $ 606. The price has struggled here since November 23. A strong move above this opens the way to $ 684.
But the real breakthrough is $ 743. The confirmation of a daily close above this line confirms the meeting of the ascending triangle and indicates that the general recovery can resume.
The negative sides also have clear lines.
Rising support near $469 protects the trend. Losing $469 breaks the triangle and makes the setup neutral or even bearish. Below that, $367 becomes the next major support to watch.
Zcash may be weak after the recent decline, but the broader structure is still showing strength. As long as the momentum setup remains firm and the buy on the dip improves, this move looks to be more like a lateral entry rather than a breakout. A close above $606 starts the recovery. A break above $743 confirms that the recovery is still underway.
