$ZEC — Momentum Cools Off

Zcash remains one of the standout movers in the market. This rally looks less like pure speculation and more like a narrative shift — privacy is back in focus, and Zcash’s optional privacy model puts it in a unique spot. Institutional flows and real tech upgrades are supporting the move, but it’s still a highly volatile asset. If shielded-transaction adoption slows or regulatory pressure picks up, momentum can fade quickly.

Over the past 24 hours, ZECUSDT trading volume surged nearly 98% while the broader market bled. Price is hovering around $630 after a strong rejection, retesting ATH resistance and a major distribution zone.

This is not a fresh entry zone. Risk-to-reward here is extremely dangerous as momentum cools off. The breakdown signals clear exhaustion and opens the path for a sharp correction toward the $550–$520 region. If that area fails to hold, the next major support sits at $412–$370.