Zcash rebounds 15% as accumulation builds; reclaim of 100-day EMA is key

Beincrypto reports that Zcash has rebounded nearly 15% since January 19, rising from the breakdown low near $336 to about $362, but it must reclaim the 100-day EMA to confirm a true trend shift. Whales have added roughly 4,000 ZEC over the period, and the price sits about 9% below the key 0.236 Fibonacci / EMA zone; failure could reopen downside toward the $335 support.

The rebound followed a head-and-shoulders breakdown and stalled below the 100-day EMA and resistance near $386, where sellers remain active. On-chain data show mega whales (top 100 addresses) increased holdings by roughly 9% to about 42,623 ZEC (≈3,500 ZEC net) and standard whale wallets rose about 5% to roughly 10,182 ZEC (≈480 ZEC net), for a combined ~4,000 ZEC added since January 19.

Momentum signals include a bullish Money Flow Index divergence between January 14 and January 24, and Binance perpetuals show short liquidation exposure slightly outweighing longs ($26.37m vs $22m), with leverage largely reset. A daily close below $335–$336 would keep the bearish pattern active and reopen the path to deeper downside, while a daily close above roughly $386–$395 (the 0.236 Fib and the 100-day EMA) would materially weaken the bearish structure and mirror the December reclaim; further upside zones cited are near $463, and levels above $557 would break the broader bearish thesis.

Key Topics

Crypto, Zcash, Whales, Money Flow Index, Binance