Zcash (ZEC) Price Prediction: Bullish Divergence Emerges Near $230–$240 Demand Zone

Zcash ZEC price is now consolidating near a historically important support zone around $230–$240. Following a steep pullback from recent highs, technical signals across multiple timeframes suggest selling pressure may be weakening rather than accelerating.

At the time of writing, ZEC is trading near $240, reflecting modest intraday weakness but continued defense of a long-term demand area. According to Zcash price data from Brave New Coin, ZEC has retraced deeply from its recent highs.

Bullish Divergence Forms at Major Support

A daily chart shared by Zachary Markovich highlights a clear bullish divergence developing as ZEC trades into a long-standing horizontal support band. While price printed lower lows, momentum indicators failed to confirm the move, signaling potential seller exhaustion.

ZEC shows a bullish divergence at major support, hinting at seller exhaustion as price stabilizes within a long-standing demand zone. Source: Zachary Markovich via X

This divergence is forming directly inside a prior consolidation range that previously acted as both resistance and support. Structurally, this places ZEC in a zone where downside continuation historically slows, shifting focus from trend extension to stabilization or reversal risk.

Zcash Price Holding Near Long-Term Demand

ZEC is currently trading around $240, following a volatile pullback that brought the price back into a prior consolidation range. Despite the decline, the price has so far respected the $230–$240 consolidation range.

ZEC price was trading near $240.41 at press time, with a market cap of approximately $3.97 billion. Source: Brave New Coin

This region is now drawing attention as volatility and directional momentum slow down. Historically, ZEC has shown a tendency to pause and hold near such levels before committing to either a continuation or a reversal.

ZEC Price Prediction Targets $270

A broader structure outlined by MadWhale shows ZEC trading inside a long-term descending trend after a deep corrective move. His chart projects a potential recovery towards the $270 region, representing roughly 13% upside from current levels, assuming price continues to respects the channel support.

ZEC could potentially recover towards the channel highs at the $270 zone. Source: MadWhale via TradingView

The setup does not assume an immediate breakout. Instead, it reflects a corrective reset where ZEC could attempt a mean reversion back towards former support-turned-resistance, provided momentum continues to hold.

ZEC and Community Sentiment

From a broader sentiment perspective, Daniel describes ZEC as “very undervalued,” a view that aligns with growing discussion across the crypto community. After an extended retracement into a multi-year base, Zcash is now trading near levels that have historically drawn longer-term interest.

This does not imply guaranteed upside, but it reinforces that ZEC is operating within a high-decision zone, where market behavior often transitions from trend continuation to potential accumulation and reversals.

Monthly Retracement Aligns With Key Moving Average

A separate view from Enri.h focuses on ZEC’s monthly structure, highlighting a textbook retracement into a previously targeted zone. According to the analysis, price pulled back to the $234 region, aligning closely with both the retracement of the prior bullish monthly candle and the touch of the one-year moving average.

Zcash retraces into the $234 zone, aligning with the one-year moving average and signaling a cleaner, more balanced monthly structure. Source: Enri.h via X

Analyst notes that this pullback effectively “cleaned the chart,” shifting ZEC from an extended state into a technically healthier structure. If market conditions allow for a stronger bounce in the coming weeks, his projection outlines a possible retracement of the prior monthly bearish candle, placing upside focus near the $406 level.

Final Thoughts: Can ZEC Pullback to 2025 Highs?

ZEC’s recent move reflects a clear shift from momentum-driven upside to corrective price action. After failing to sustain above the $300–$320 region, the price has pulled back sharply towards the $230–$240 zone, retracing a significant portion of the late-2024 to early-2025 rally. From a structural perspective, this pullback is occurring after a strong impulsive advance.

If this corrective structure holds, a reclaim of $260–$280 would be the first signal that sellers are losing control, opening the door for a broader recovery attempt towards the prior 2025 highs near $360–$400. However, failure to hold current levels would expose ZEC to deeper downside into the low-$200s, delaying any upside possibilities.