Zcash (ZEC) Holds Key Support — Can Bulls Trigger a Bounce Toward $411?

Key Takeaways

• ZEC is holding a major support zone between $300–$335 after a 30% monthly correction.
• A descending triangle pattern is forming on the daily chart.
• A breakout above $411 could signal the start of a renewed bullish move.

Zcash (ZEC) is showing early signs of stabilization after a sharp corrective phase. As of January 26, 2026, ZEC is trading near the $360 level, posting a 4% gain over the past 24 hours. This bounce comes after a steep 30% decline over the last month, which followed ZEC’s explosive 2025 rally, where the privacy-focused cryptocurrency surged more than 800% at its peak, reaching levels near $750.

While broader market conditions remain volatile, ZEC’s latest price action suggests that the asset may be approaching a decisive moment — one that could determine whether bulls regain control or bears extend the correction.

Descending Triangle Takes Shape on the Daily Chart

From a technical perspective, Zcash’s daily chart reveals a well-defined descending triangle pattern, a structure that typically forms after a strong uptrend and often precedes a major directional move.

This pattern is characterized by two key elements:

• A horizontal support zone between $300 and $335, which has consistently attracted buyers during recent pullbacks.
• A sequence of lower highs, creating a downward-sloping resistance line originating from the 2025 peak near $750.

During the most recent leg of the correction, ZEC dipped into the lower boundary of this support zone, finding demand near $325. Buyers stepped in aggressively at this level, triggering a rebound that lifted price back toward the $360 area. This reaction suggests that bulls are actively defending the structure and are not yet willing to concede control.

The repeated defense of the $300–$335 region highlights its importance as a critical accumulation zone. As long as ZEC continues to trade above this range, the broader technical structure remains intact.

What’s Next for ZEC?

Looking ahead, If ZEC continues to sustain above the support trendline, the next logical move would be a retest of the descending resistance near $411.

• Bullish Scenario:
  If ZEC holds above support and breaks above the $411 resistance with strong volume, it could invalidate the bearish implications of the descending triangle and mark the beginning of a new bullish expansion phase.
• Bearish Scenario:
  Failure to break resistance — or a loss of the $300–$335 support zone — could send ZEC back into consolidation or trigger another retest of lower demand levels before a clear trend emerges.

Final Outlook

Zcash is currently at a technical inflection point. The combination of strong historical support, a tightening price structure, and an early rebound off key demand levels suggests that a larger move may be approaching. Whether that move resolves higher toward $411 or lower back into support will depend on how price reacts as the descending triangle nears its apex.

For now, $325 support and $411 resistance remain the two most important levels to monitor.