ZEC Soars 8%-Is It a Recovery or a Dead Cat Bounce? 💸

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After a 50% crash from its peak of $700, the ZCash coin, once a proud $700, now sits at $360.3, looking as downcast as a rain-soaked cat in a thunderstorm. 🐱🌧️

24h volatility: 7.5%-that’s more dramatic than a Shakespearean tragedy. Market cap: $5.92B-still a lot of money, but not as much as it was. Vol. 24h: $1.38B-less than a week’s worth of coffee for the crypto crowd. ☕

shows signs of recovery with 9% gains in the last 24 hours. A flicker of hope, but don’t get too excited-this could be a mirage in the desert of crypto. 🌵

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. It’s like a party where everyone’s leaving early. 🎉📉

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. It’s like a game of chess where the pieces are all in a tangle. 🧩

ZCash price rally and sell volume | Source: TradingView – because even the charts are confused. 🤔

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. It’s like a tightrope walk with a net made of confetti. 🎪

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 rejection here, bears could take the ZCash price in the $250-$290 range. A rollercoaster with no seatbelts. 🎢

ZEC Showing Swing Trade Setup, Says Analyst

Crypto analyst Altcoin Sherpa said the ZCash price is presenting a potential swing-long opportunity. Sherpa noted that the price has retraced to the 0.618 Fibonacci level, a zone he views as strong support. He added that while a return to all-time highs appears unlikely, the setup could offer a 20-40% upside on a rebound. It’s like a slow burn in a candle-hopeful, but not too bright. 🕯️

ZEC swing trade opportunity | Source: Altcoin Sherpa – because even analysts are playing the guessing game. 🤷‍♂️

Sherpa cautioned that traders should place a stop-loss below the 0.618 level to manage downside risk. A wise move, like carrying an umbrella in a hurricane. ☔

During its spectacular rally in November, ZCash also attracted strong institutional interest. Big players like Nasdaq-listed Reliance Global and Winklevoss-backed Cypherpunk Technologies announced their ZEC treasury plans. It’s like a party where the guests bring their own snacks. 🍽️

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2025-12-04 14:03