The post Can Zcash Price Pull Off a 38% Breakout as Optimism Fades? appeared on BitcoinEthereumNews.com.

Zcash price has remained in an established uptrend, pushing higher within an ascending wedge formation. This structure often signals a potential breakout, drawing attention from traders.  However, the rally faces headwinds as weakening investor sentiment threatens to undermine momentum despite ZEC’s technically constructive price pattern. Sponsored Sponsored Zcash Holders Exhibit Mixed Signals Investor sentiment around Zcash briefly improved during the final days of 2025. This shift raised expectations for a sustained recovery as price action remained elevated. However, optimism failed to hold into the new year, with sentiment turning negative once again. Negative sentiment influences trading behavior and risk appetite. As confidence fades, investors become less willing to add exposure, even during uptrends. This hesitation limits follow-through buying, increasing the risk that ZEC’s current structure loses support before a breakout materializes. Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Zcash Weighted Sentiment. Source: Santiment Macro data offers a counterbalance to declining sentiment. The top 100 Zcash holders have maintained a bullish stance over the past week. Their combined holdings have grown by approximately 6%, even as price action showed uncertainty. Sponsored Sponsored Their continued accumulation suggests confidence in ZEC’s medium-term prospects. This steady demand could help stabilize prices and reduce downside risk during periods of broader market hesitation. Sustained support from major holders can absorb selling pressure from smaller investors. This dynamic often prevents sharp declines and allows prices to consolidate constructively. If accumulation persists, ZEC may retain the structure needed for a future breakout attempt. ZEC Top 100 Holders. Source: Nansen ZEC Price Hovers Around $500 ZEC price is currently moving within an ascending channel, trading near $503 at the time of writing. Price has hovered around this level for an extended period. This consolidation reflects a balance between buyers and sellers as the…

---

Filed under: News - @ January 3, 2026 8:27 pm