Zcash Bear Trap Active After 15% Rebound: What’s Next for ZEC Price?
Zcash (ZEC) has rebounded 15% following a bearish pattern breakdown, potentially activating a bear trap supported by whale accumulation and bullish divergence.Summary
The Zcash (ZEC) price has rebounded nearly 15% from its low near $336 since January 19, suggesting a potential bear trap was activated after a confirmed bearish pattern break. The price is currently stalled just below the 100-day Exponential Moving Average (EMA), a key level that preceded a 70% rally in December if reclaimed. On-chain data indicates that mega whales and standard whales have accumulated approximately 4,000 ZEC during this rebound phase, signaling underlying dip buying strength, although 'smart money' has exited. Momentum indicators show a bullish divergence on the Money Flow Index (MFI), confirming this underlying buying pressure. The immediate structure remains critical: failure to hold $335-$336 invalidates the trap, while a daily close above the resistance zone of $386-$395 (which aligns with the 100-day EMA) would significantly weaken the bearish structure and could lead to further gains toward $463.
(Source：BeInCrypto)