Zcash breakout stalls as whale buying meets heavy retail selling

Beincrypto reports Zcash price remains trapped in a tightening symmetrical triangle as substantial whale accumulation — roughly 38,626 ZEC, about $3.3 million after a ~21% increase over seven days — is offset by heavy retail selling, delaying a decisive breakout.

The coin has traded inside a symmetrical triangle since mid‑October, with lower highs and higher lows reflecting indecision. Bull–bear power recently showed bears regaining momentum after bulls briefly tested the upper trendline. On‑chain data show exchange inflows rose about 78%, suggesting smaller holders sold recent strength, while positive sentiment plunged from around 151 to near 2 over the past month. ZEC also has a short‑term negative correlation with Bitcoin near −0.36; Bitcoin is up almost 4% week‑on‑week while ZEC has lost about 7% of its gains.

Smart money positioning has cooled, with the Smart Money Index slipping below its signal line. For a convincing breakout, Zcash needs a clean daily close above $561, roughly 14% above current levels; the structure remains intact above $400, and a close below that would invalidate the triangle and reset expectations. Until sentiment, retail participation, or smart money conviction shifts decisively, the triangle squeeze is likely to persist.

Key Topics

Crypto, Zcash, Bitcoin, Whales, Exchange Inflows, Sentiment