Zcash (ZEC) has rebounded sharply from its recent range lows, posting a 10.15% gain in the last 24 hours to trade near $431.49. This move follows an extended period of consolidation and sideways trading, with the technical structure now pointing toward a potential higher-timeframe base formation rather than a short-lived bounce.
The recovery was accompanied by strong market participation, with 24-hour trading volume reaching $703 million and market capitalization standing near $7.09 billion. This surge in volume and price action indicates a shift from the choppy, low-liquidity sessions that characterized ZEC's recent trading, suggesting buyers are beginning to defend lower levels more consistently.
Popular analyst Altcoin Sherpa highlighted the structural improvement, stating on social media, "$ZEC looks pretty good overall, I think you just saw a high time frame bottom get put in. If so, this goes to $500+ as long as BTC is stable." The analysis frames the advance as price reclaiming zones that previously acted as resistance, shifting market focus from downside risk toward validating the new rebound.
On the 4-hour chart, Zcash found strong support in the $380–$390 area, where selling pressure stalled and triggered a swift reversal. The price accelerated higher from this demand pocket, reclaiming multiple short-term resistance levels. While activity has moderated as price approaches the upper boundary of its prior range—hinting at potential near-term consolidation—the overall structure favors stabilization.
Beyond price, Zcash's fundamental value proposition as a privacy-focused cryptocurrency using zero-knowledge proofs remains intact, keeping it relevant in markets increasingly concerned with user privacy alongside compliance. The rebound aligns with renewed risk appetite across several major cryptocurrencies, with traders now watching to see if ZEC can hold above reclaimed levels to confirm a true trend shift.
