WikiBit 2025-11-11 21:04Zcash price today trades near $488, stabilizing after a sharp pullback from last weeks peak near $76
Zcash price today trades near $488, stabilizing after a sharp pullback from last weeks peak near $760. Price is reacting at a confluence of support where the ascending trendline from September meets the 20 day EMA near $442–$450. The reaction at this zone decides whether ZEC resumes its aggressive uptrend or forms a deeper correction.
Spot Inflows Return As Sellers Lose Momentum
Zcash Netflows (Source: Coinglass)
Recent spot flow data shows a shift in behavior. After multiple sessions of distribution earlier in the week, ZEC printed $4.71 million in spot inflows today according to Coinglass. This signals that participants are moving tokens back off exchanges rather than positioning for further selling.
When inflows stack at support, market behavior shifts from distribution to accumulation. The recent drop attracted buyers rather than panic sellers, indicating that the pullback is seen as a retest of trend support, not a trend reversal.
The flows matter here because ZEC has been one of the highest performers in the privacy category during the past sixty days. High momentum assets often attract liquidity during pullbacks, especially when trend support is tested for the first time.
Buyers Hold the Higher Timeframe Structure
ZEC Price Action (Source: TradingView)
On the daily timeframe, ZEC continues to trade above the rising trendline that has guided the parabolic advance since early October. The 20-day EMA sits near $442, and the price has not closed below it since the rally began. As long as ZEC remains above this band, the macrostructure favors continuation.
EMA alignment reinforces this bias. The 20, 50, 100, and 200-day EMAs fan upward at $442, $312, $214, and $140. This is a classic trending layout supported by higher lows, strong volume expansion, and sustained demand.
RSI on the daily chart cools from overbought levels near 76 and is now sitting near 60. Momentum has reset without breaking the uptrend, a healthy condition after a vertical move. The current pullback has not violated any key bullish level. Instead, price is retesting structure and shaking out late longs.
Intraday Trendline Still Capping Upside Attempts
ZEC Price Dynamics (Source: TradingView)
Shorter timeframes show the other side of the battle. On the 30 minute chart, ZEC remains below a descending trendline that has rejected every attempt to rebound from the $630 to $650 zone. Each bounce forms lower highs, and Supertrend on the same timeframe is still red. VWAP sits above current price near $523–$552, creating a magnet level for intraday liquidity.
Buyers are attempting to build a base at $480–$470, a green demand zone marked by multiple touches during the week. This is the same zone where inflows appeared today.
These conditions define the fight:
The intraday trend flips back to bullish only if ZEC clears the descending trendline and closes above VWAP.
Outlook. Will Zcash Go Up?
The path forward depends on how ZEC behaves at the $480–$450 support zone.
The trend remains intact until proven otherwise. Buyers held trend support, inflows returned, and momentum indicators reset without losing structure. ZEC only needs a close above $552 to reassert trend strength.
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