ZCash (ZEC) Price Jumps 8%, Recovery or Dead Cat Bounce?
The post ZCash (ZEC) Price Jumps 8%, Recovery or Dead Cat Bounce? appeared on BitcoinEthereumNews.com.
Key Notes Analyst Ardi reports strong sell pressure at the ZCash price of $380, with sell volume nearly triple buy volume. He said that failure to reclaim $380 could push ZEC toward the $250–$290 range. However, analyst Altcoin Sherpa sees a swing-long setup, noting support at the 0.618 Fibonacci level and potential 20–40% upside. After a 50% crash from its peak of $700 in mid-November, privacy coin ZCash ZEC $363.6 24h volatility: 8.3% Market cap: $5.97 B Vol. 24h: $1.44 B shows signs of recovery with 9% gains in the last 24 hours. In a relief to investors, ZEC price is now trading at $364. However, market experts remain divided on whether this is a sustained recovery or a dead cat bounce. ZCash (ZEC) Price Bounces Back, but Sellers Pile Up After facing a massive crash, ZCash (ZEC) price is showing signs of a bounce back, gaining 9%. However, today’s upside comes with a 10% drop in daily trading volumes, to $1.4 billion. This highlights a weakness for the bullish momentum to continue Crypto analyst Ardi reported increasing whale activity in Zcash (ZEC), noting a positive delta of +1.06 as large holders attempt to trigger a price rebound. However, he highlighted significant sell pressure at the $380 resistance level. Ardi noted that the sell volume reached 18.7 million, nearly triple the 6.1 million buy volume recorded at the same zone. ZCash price rally and sell volume | Source: TradingView Ardi said the imbalance indicates heavy distribution, with sellers using available liquidity to offload positions. He added that unless ZEC can reclaim the $380 level, current whale bids risk becoming “exit liquidity” for bearish participants. Ardi also stated that if the bulls manage to take out $380, it would trigger a short squeeze straight to $420 levels. However, if they face…
Filed under: News - @ December 4, 2025 10:25 am