ZCash builds bullish momentum, but THIS still blocks ZEC’s rally
The OBV lacked a trend on the 4-hour chart, undermining the idea that sustained demand can lead to a ZCash breakout.
ZCash was pushing against the local resistance at $250 yet again, as Bitcoin prices bounced higher from the $65.6k local lows. ZCash was up 6% in the past 24 hours, contributing to its 4% gain over the past week.
The short-term impulse has run into a long-term resistance, which could see a breakout or a rejection. Which one is more likely based on the evidence at hand?
The ZEC higher timeframe trend
The weekly swing structure stayed bullish, with buyers continuing to defend the $187 support, a key Fibonacci retracement level, despite months of pessimism.
From a structural standpoint, this offered a constructive signal for long-term investors.
However, a closer look at the internal weekly structure shows a different picture. Price could still move toward the $290 and $327 swing highs before extending the broader internal downtrend.
From a momentum perspective, the RSI remained below the neutral 50 level, while the OBV has trended lower since December 2025, pointing to sustained selling pressure.
Taken together, long-term buyers can remain confident as price holds downside risk in check, while the $300 region emerges as the next upside target.
The challenge at the $250 level
The ZCash H4 chart highlighted a supply zone at the $250 area that has been tested multiple times over the past month.
Though the mid-March rally saw a clean breakout beyond this area, the price quickly sank below it and retested it as supply.
Therefore, this area was still in bearish control, but was under siege at press time.
The move into this zone on Tuesday, the 31st of March, saw remarkable trading volume. Since then, the short-term supply zone at $240-$245 has been flipped to support.
This outcome supported the idea that ZEC can move higher to $290 next.
A cautiously bullish bias is warranted
There was a cluster of short liquidations around $260, $270, and $290 that could attract ZEC prices higher.
Moreover, the 4-hour timeframe’s swing structure was also bullish, supporting further upside expansion.
As the weekly chart showed, the $290 and $327 levels were the next targets. A breakout past $250 would add confidence to the bulls. AMBCrypto had reported that ZCash witnessed whale buying and capital inflows recently.
However, traders should remain cautious. Bitcoin has a bearish outlook after its swift rejection from $76k. A BTC sell-off could hurt ZEC’s chances of achieving its short-term bullish targets.
Final Summary
- ZCash has momentum and short-term structure on its side and is likely to advance toward $290 next.
- A breakout and retest of the $250 supply zone could give a buying opportunity.
