ZCash [ZEC] has surged above the $500 mark once again after hitting a local low of $451 on July 29th. The privacy token has seen a steady 12.48% increase over the past week.
This jump has pushed the ZCash token price back above the crucial $500 level, which has been a significant resistance point since December 2025. A rejection from this level back then led to a pullback to $176.
The long-term trend remains bullish after reaching $750 in 2025, with the recent pullback seen as a continuation of the uptrend. The bounce from the $176 level, which is the 78.6% Fibonacci retracement level, in March 2026 further supports this view.
However, towards the end of July, ZEC started to dip below $500, aligning with a bearish structure on the 4-hour chart. With Bitcoin struggling to break above $67.3k, a short-term bearish move was anticipated for ZCash.
While the daily chart showed bullish signs with the push above $500, the bearish H4 structure indicated caution. The On-Balance Volume (OBV) on both timeframes has remained flat, suggesting a balance between buyers and sellers.
What’s Next for ZEC Traders?
A recent report highlighted the $360-$377 range as a crucial support level, with no clear momentum in either direction. The Ironwood upgrade, activated on July 28th, may have boosted confidence in the network, but not enough to attract significant capital inflows.
The recent price action seems to be driven more by liquidation clusters or magnetic zones than spot trading volumes. The reactions from $367 in June and $590 in July highlight this trend.
If this pattern persists, traders should keep an eye on the $530 and $450 zones as key magnetic areas. Swing traders could look for opportunities to enter trades when these levels are tested, anticipating a reversal towards the opposite magnetic zone.
In Conclusion
- ZCash has shown significant gains recently, reclaiming the $500 mark.
- Analysis of the liquidation heatmap and volume indicators suggests that short-term price movements may be influenced by liquidity pockets.