Zcash (ZEC) price has recorded a steady increase lately. Weekend activity pushed the privacy coin higher by more than 10%, which has revived hopes of a larger bullish move. Price action appears strong at first glance, but one top analyst believes the better trade could eventually favor sellers.
Crypto analyst Crypto Patel has taken a position that may conflict with the optimism surrounding ZEC price. He believes Zcash remains below a major higher timeframe resistance area. His analysis points toward a possible short opportunity if the price reaches a specific zone.
That view does not mean Crypto Patel wants to sell ZEC immediately. His setup depends on the price climbing further before sellers potentially regain control.
What you'll learn 👉
Crypto Patel Expects Zcash Price Sellers to Return Near $540
Crypto Patel explained that most traders appear focused on long positions, but he is preparing for a possible short. His bearish view comes from a higher timeframe order block between $620 and $740.
An order block marks an area where heavy buying or selling previously occurred. Such areas can become strong resistance when the price returns later.
ZEC price traded near $520 when Crypto Patel shared his analysis. He described that level as the middle of the wider range, where neither buyers nor sellers had a clear technical advantage.
His preferred short zone stretches from $540 to $580. Crypto Patel identified this region as both a distribution area and a bearish order block. That combination could allow sellers to take control if Zcash price reaches the zone and struggles there.
Crypto Patel’s trade plan contains these key levels:
- Preferred entry area stands between $540 and $580.
- A daily close above $645 would invalidate the bearish setup.
- Downside targets remain placed at $400, $320, and $230.
- A bullish order block appears between $320 and $350.
- Higher timeframe order flow remains near $230 to $260.
Crypto Patel plans to remain patient until ZEC reaches an area with better risk and reward conditions. His bearish case would lose strength if the daily price closes above $645.
ZEC Price Remains Inside an Ascending Channel From February
Crypto Patel’s bearish plan is only one side of the current ZEC price outlook. A broader look at the Zcash chart presents a more positive structure across the medium and longer timeframes.
ZEC price has followed an ascending channel since February. The channel boundaries have repeatedly served as support and resistance during the climb.
Zcash price began this advance near $190 before reaching a local high close to $685. Current trading activity places ZEC around $520, although the price continues to move inside the rising structure.
An ascending channel forms when price creates higher highs and higher lows between 2 upward boundaries. Buyers usually retain control as long as the lower boundary continues to provide support.
Recent ZEC price activity therefore leaves room for another attempt toward $685. A clean move beyond that level could open the path toward the upper boundary of the channel.
Read Also: Bitcoin Price Has 2 Possible Destinations: Here’s Where Each Could Take XRP
Zcash Price Could Target New Highs if the Channel Holds
The current structure creates 2 very different possibilities for Zcash price. Crypto Patel expects resistance between $540 and $580 to create a possible selling opportunity. The ascending channel, however, keeps the wider outlook bullish as long as its main support remains intact.
ZEC could move beyond $685 if buyers overcome the resistance zones ahead. Such a breakout would place the upper channel level firmly back into focus. Crypto Patel’s bearish setup would also become invalid after a daily close above $645.
The bearish scenario requires a deeper breakdown. Zcash price would first need to leave the ascending channel and then lose major support near $367. Those developments could weaken the medium term structure and expose the lower targets from Crypto Patel’s analysis.
Price movement between $520 and $540 offers limited confirmation for either scenario. A rally into the analyst’s preferred short zone could test whether buyers still control the market. A rejection there would support his bearish case, whereas a strong daily close above $645 could favor another move toward $685.
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