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Zcash almost caused a major collapse, but buyers intervened at the last minute. On the 12 hour chart, a bearish pattern is almost confirmed, indicating a deep correction in the Zcash price.
Instead, aggressive dip buying created a long lower wick, delaying the breakout. But the bigger question is whether it was a real conviction or just a temporary defense delaying the inevitable.
A 34% collapse almost happened – until the buyers intervened
On the 12-hour chart, Zcash format A clear head and shoulder pattern. The breakout level was close to $359, and the price briefly traded below. This move threatened to trigger the full model, which foresees a decrease of 34%.
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However, the analysis did not confirm this.
Buyers intervene aggressively, pushing the price over the support before closing the candle. The result was a long mecca low, a classic sign that demand emerged exactly where sellers expected it to continue. Now, that wick represents a stored fault, not a reversal.
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Momentum adds a small layer of support. Between January 10 and 19, Zcash seems to be forming a lower low, while the Relative Strength Index (RSI), a momentum indicator, is forming a higher low. This is a bullish standard deviation on the 12 hour frame. This often indicates a short-term rebound, especially after a sharp decline.
However, this difference is fragile. To be valid, it must continue Zcash price Staying above $335 during the 12 hour period. A squeeze below this level will weaken the signal and reopen the downward path. In short, buyers delay the damage. They didn’t kick him out.
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Whale acquisition and random whale flows slow down
Looking under the hood explains why the crash stopped.
Over the past seven days, whales have increased their stake in Zcash by 12.65%, increasing the supply held by whales to approximately 9,950 ZEC points. This group provided the strongest support during the sales period. In contrast, the first 100 addresses (mega-wiles) were not actively added, suggesting that large long-term holders are still cautious.
Real-time market data reinforces this idea.
At the end of November, Zcash Experience Daily outflows from the exchanges are close to $61 million, indicating a strong buying trend. This level of demand has disappeared. On January 18, net flows were $15.7 million. By January 19, that number had dropped sharply to $7.68 million. This is an 87% decrease from peak accumulation levels.
Buying is still happening, but at a much slower rate.
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The Money Flow Index (MFI) helps explain the type of order in question. The IMF combines price and volume to see if the buying pressure is aggressive or defensive. In the 12-hour chart, MFI formed a higher low even as the price of Zcash trended lower.
This behavior indicates the purchase of an under and not chasing a breakout. Buyers only enter after weakness appears, rather than committing to higher prices.
This distinction is important. The low purchase can stop the sudden declines, as it just happened near the breaking level. But without a stronger following, the series rarely drives sustained revolts on its own.
Now, there is a request for Zcash. But it remains cautious, selective and reactive rather than urgent.
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Zcash price levels that determine whether a deposit will return
With the collapse delayed, price levels are now more important than indicators.
The first critical zone remains between $359 and $350. if Zcash has lost this area At the end of 12 hours, the continuous interactive indicator pattern is likely to repeat. This will reopen the path towards $250, almost fulfilling the expected move of 34%.
If buyers continue to defend this area, short-term stability remains possible.
On the plus side, $450 is the first real test. This level represents the right shoulder of the bearish pattern. A sustained move above will weaken the bearish structure and allow momentum to rebuild.
However, the bearish pattern only breaks above $559 completely. Until then, any bounce remains corrective and not a change in trend.
Zcash is currently in the middle. Buyers proved willing to defend the price. The whales appeared. Dip buy is still active. But the persuasion is less than in the previous stages of the accumulation.
A 34% collapse has been saved – for now. Whether that remains the case depends on what buyers do next, not what they did.
