Zcash (ZEC) Price Bounces 80% but Risks of Crash Persist
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Price Volatility Analysis: Zcash's price rebounded from $300 to $550, achieving over an 80% increase; however, it faces repeated rejections in the $550 to $600 resistance zone, indicating persistent selling pressure in the market.
- Trend Change Warning: Although the bounce from $300 appears strong, sharp rebounds in downtrends often attract late buyers, increasing risk, especially in the absence of solid support.
- Key Support Levels: Currently, $300 serves as the primary support level, and if it fails on a future retest, the price could drop further below $200, forming a new support area, highlighting market uncertainty.
- Trading Strategy Adjustment: Buying above $550 carries high risk, and investors should proceed with caution, waiting for a breakout above the critical resistance level of $720 to confirm the potential for a trend reversal.
About the author

Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.






