Zcash showed remarkable strength during a broad market sell-off, firmly holding its trend while exchange netflows continued to shrink. This decline in available supply supported ZEC’s rally even as major cryptocurrencies, including Bitcoin, faced sharp losses.
Zcash Price Holds Firm Amid Market Turbulence
Despite Bitcoin sliding to $95,000 after a steep 7.6% drop, Zcash gained more than 12% within the same period. Buyers consistently defended rising support levels while reduced exchange flows limited sell pressure. ZEC maintained a clean, consistent structure throughout each intraday pullback and reacted strongly to every dip. This behavior now builds a solid foundation for a potential breakout above nearby resistance levels.
ZEC remains inside a strong uptrend that began in early October. Price movements continue to respect the ascending trendline, showing buyers stepping in quickly whenever the market pulls back. The $441 support zone has become a key anchor, with repeated strong rebounds confirming active demand in that region.
At the moment, ZEC trades around $566, just beneath the $600 resistance, a level where price has repeatedly met heavy reactions in the past.
The MFI at 51.79 signals ongoing buying strength and a steady positive flow, supporting the possibility of further upward momentum. A successful close above $600 may open a move toward $750, the next major reaction area, provided the rising trendline continues holding firm.
Indicators Point to Strong Buyer Control
The DMI clearly favors buyers, with the +DI at 23.22 and the –DI at 10.72, highlighting strong upside pressure. Sellers have struggled to recover control across recent sessions.
The ADX reading of 52.17 confirms a powerful, sustained trend rather than short-lived volatility. ZEC’s consistent reactions near rising support align with this strong directional momentum.
The Stoch RSI shows %K at 19 and %D at 11, placing both indicators deep in oversold territory. This often signals seller exhaustion and positions the market for strong rebounds. As long as ZEC protects its rising structure, this setup supports a new upward push.
Exchange Netflows Turn Strongly Bullish
ZEC exchange netflows dropped sharply from $38.9 million to just $748.69k between November 12–13, according to CoinGlass. This steep decline tightened circulating supply and reduced fast access for sellers. With fewer tokens moving to exchanges, sell pressure weakened significantly during the latest volatility.
Shielded ZEC supply has now climbed above 30% of total circulation, reducing the amount of readily available coins and strengthening buyer control. This contributed to strong rebounds at key levels such as the $441 zone.
Additional support came from Cypherpunk Technologies, which confirmed holding 203,775 ZEC worth roughly $50 million, signaling solid institutional commitment and long-term confidence.
These combined factors enabled Zcash to outperform the broader market during the crash. If this trend continues, ZEC could challenge—and potentially break—its $600 resistance with increased strength.
Summary
ZEC maintains a strong rising structure, consistently defending major support levels. Buyer momentum held firm at $441, supported by shrinking exchange netflows and growing shielded supply. If buyers push ZEC above $600, the path toward $750 becomes significantly more likely within the current trend.
