Zcash price confirms bullish Adam and Eve pattern, targets rally above $900

The measured move from the pattern projects a breakout target near $929, representing roughly another 50% upside from current levels. Traders calculate the target by measuring the distance between the neckline and the pattern low before extending the same range upward from the breakout point.

The chart also shows ZEC reclaiming the Supertrend indicator, which flipped bullish near the $314 region earlier this quarter. Price continues holding well above that level despite the recent rejection near local highs.

Momentum indicators remain constructive on higher timeframes. The weekly MACD histogram has expanded deeper into positive territory while the MACD line continues trading above the signal line, a structure traders often associate with continuation rallies rather than exhausted breakouts.

Crypto trader Ardi described Zcash as “one of the best macro recovery charts in the market right now” after the token completed a V-shaped recovery back into the upper $680 resistance region. In a post published on X, he added: “Once that level breaks and confirms as support, Im still targeting a move into the $740 region next.”

$ZEC

Still looking for continuation here.

Structurally, this is still one of the best macro recovery charts in the market right now.

Liquidation clusters and whale positioning tighten around $700

CoinGlass liquidation heatmap data shows dense leverage concentration between $680 and $700, where large short liquidation clusters accumulated during the past week.

Zcash liquidation heatmap | Source: CoinGlass

A breakout through that resistance range could trigger another cascade similar to the rally earlier this month that erased more than $55 million in bearish positions during a single trading session.

Major liquidity pools have also formed around the $570 and $560 support zones beneath current prices. Those levels align closely with the Adam and Eve neckline retest area, making them key regions traders will likely monitor for dip-buying activity if ZEC extends its pullback.

Lookonchain reported that a trader reopened a 40x leveraged Bitcoin short position worth more than $40 million while simultaneously holding a 53,500 ZEC long valued near $33 million. The platform said the traders Zcash position briefly fell nearly $1.9 million underwater after the latest correction.

Leverage exposure across ZEC derivatives markets has expanded rapidly alongside the price rally. Several perpetual futures platforms recorded elevated funding rates during the recent advance as traders crowded into aggressive long positions, expecting continuation toward new cycle highs.

Bitcoin stabilized near the $77,000 region after heavy ETF-driven selling pressure earlier this month, allowing speculative capital to rotate back into higher-beta altcoins, including Zcash, Solana, and other privacy-focused assets. The improvement in broader crypto sentiment helped sustain momentum across altcoins that had already broken above key technical resistance levels.

Upcoming U.S. inflation and labor-market reports remain another major focus for traders after Treasury yield volatility pressured crypto markets earlier this quarter. Any economic data supporting expectations for future Federal Reserve rate cuts could improve liquidity conditions for speculative assets and reinforce demand across altcoins.

Oil prices also retreated this week after reports that the United States and Iran extended ceasefire negotiations tied to shipping activity near the Strait of Hormuz. The pullback eased some inflation concerns across global markets and helped improve sentiment toward risk assets, including cryptocurrencies and high-beta altcoins like Zcash.

Weekly candles have started printing longer upper wicks near the $680 resistance region after ZECs 245% rebound from yearly lows. The rejection suggests some traders have begun taking profits into strength while leveraged positioning across futures markets remains elevated.

Per analyst Skinny, Zcash is highly overbought at current levels, and while the token could still climb toward last years highs, it may quickly reverse bearish once it reaches the $740 resistance zone.

Failure to hold the $560 breakout zone could weaken the current bullish structure and expose downside retracements toward the psychological $500 level. A sustained breakdown below that region would invalidate the Adam and Eve continuation setup and likely trigger another wave of long liquidations across leveraged derivatives markets.