After the increase in medical care, medical care Zcash (ZEC) price has been attracting attention. The price has risen slightly to $454.14, with a significant increase in sales of more than 35%. The move appears to have been driven by a reduction in selling pressure, bringing prices into a key consolidation zone. With this, the brand seems to have entered into an important change for the upcoming events.
The daily chart shows that despite the volatility, ZEC continues to honor its bullish trend, which has been in place since March. This suggests that the upside is still there as long as the price is above the $400–$420 key area. The chart also shows a strong supply zone between $600 and $650, where Zcash has faced major resistance during its previous rallies.
The volume profile adds clarity to this design. The main trading area is between $400 and $460, making this a very fluid area for both buyers and sellers to make money. This top node often acts as a power base, which helps explain why Zcash continues to dominate these nodes. As long as the indicator is still above this area, the possibility of another attempt to rise remains.
What’s Next for the Price of Zcash (ZEC)?
At the top, the chart shows a major selling point between $600 and $650, where Zcash met with repeated rejections during its last rally. This area shows strong commercial activity and remains a major barrier to rejection. Before retesting that area, the bulls should recover the resistance level of $500, which can act as the first trigger. A strong move above $500 would lead to a move to $600, followed by $650 and possibly a high near $688.
However, if Zcash loses its rising trend and breaks below the multi-level support group near $400, the bullish trend may weaken significantly, opening the door to a $300 drop. At the moment, the combination of brand support and strong volume shows that ZEC is still bullish, and the next breakout may decide its path in the short term.
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