ZCash (ZEC) exploded strongly after its launch on an exchange on December 3, rising 30.8% in a short period of time, rising from $312.8 to $409.2, successfully breaking through the psychological mark of $400. The market generally believes that this wave of rise is driven by “synergy”, but for traders, the profit margins from volatility are the key.
According to the latest analysis, $360 is seen as a significant support level, which has now been successfully held, setting the stage for further gains. With $400 breached, ZEC’s next key target is $480, and the technical structure is gradually moving in this direction.
From the daily chart, ZEC’s overall structure shows a sustained bullish trend, and the recent internal volatility structure has also remained good. The supply-demand imbalance area in the $395-$425 range has been completely filled, which usually means that the price has room to push further upwards. However, the money indicator is still weak: the CMF indicator is -0.25, indicating that there is still strong selling pressure in the market; The Money Flow Index (MFI) is below 50, indicating limited inflow momentum.
In the short term, the 1-hour chart shows positive inflows and momentum indicators, with the overall trend remaining upward despite a slight slowdown in momentum recently. The $382-$395 range constitutes a key short-term demand zone, below which ZEC could fall towards the $330-$350 range.
However, if the price can break above $425 again, it may open an upward channel to $480, and further targets may even extend to $550 and $610.
The current bearish scenario is only triggered after the price effectively breaks below $380, while most period levels (1-hour, 4-hour, daily) are still in a bullish structure, giving bulls more confidence. For traders, the current position is considered a better long range, with a stop loss near $382 and the main target remains $480.
Overall, ZCash’s rally shows strong technical momentum, and although capital inflows are still insufficient, ZEC’s uptrend is expected to continue to a higher target range as long as the key support area remains solid.
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