Zcash shows bullish divergence and whale accumulation, breakout possible

Beincrypto reports Zcash is showing a bullish divergence as the Chaikin Money Flow (CMF) turns positive and whale holdings rose by about 6.7%, signaling steady accumulation that could precede a breakout.

Technical indicators show the CMF producing a lower high while price registered lower lows, a setup the outlet describes as hidden accumulation; the CMF recently climbed above the zero line, suggesting a shift toward net inflows. On-chain data cited in the report says addresses holding more than $1 million worth of ZEC have been steadily accumulating over the past week, with the pace described as measured but consistent.

The article notes ZEC trades near $396 after slipping below the $405 support and remains inside a triangle pattern that suggests compression before a larger move. A decisive break above $450 would be viewed as confirming a bullish breakout and could push ZEC toward $504 and then $540, while a breakdown below the triangle and renewed whale selling could see the price slide toward $340.

Risks remain and market conditions can change without notice; this analysis is presented for informational purposes only and should not be considered financial or investment advice. Readers are advised to conduct their own research and consult a professional before making financial decisions.

Key Topics

Crypto, Zcash, Zec, Chaikin Money Flow, Whales, On-chain Data