Zcash Whale Activity Ignites Bullish Momentum: ZEC Eyes 35% Surge Ahead

Whale wallets are stirring—and for Zcash, that movement could signal the start of a major rally.

When large holders, the so-called 'whales,' start accumulating or shifting significant amounts of a cryptocurrency, the market pays attention. Their actions often precede major price movements, acting as a leading indicator that retail traders scramble to interpret.

The ZEC Catalyst

The recent on-chain activity around ZEC isn't just noise. Analysis of wallet flows and exchange balances points to a calculated accumulation phase by deep-pocketed investors. This isn't day-trading; it's strategic positioning.

This kind of whale confidence often filters down, creating a self-fulfilling prophecy of rising prices as smaller investors follow the smart money—or at least what they perceive it to be.

Charting the 35% Path

Technical patterns are aligning with the on-chain narrative. Key resistance levels that have capped ZEC's progress are now within striking distance. A decisive break above these zones could trigger the algorithmic buy orders and momentum chasing that fuel parabolic moves.

The projected 35% gain isn't plucked from thin air; it maps to the next major liquidity pool and a historical price consolidation zone. Reaching it would require sustained buying pressure, but the whale activity suggests the fuel might already be in the tank.

Of course, in crypto, 'smart money' sometimes just means 'earlier money' betting that later money will be even less skeptical. The rally hinges on that fragile trust—and the whales not deciding to cash out first.

Technical Indicators Suggest Strong Bullish Outlook

The breakout in Zcash has been confirmed to be strong, trading well above long-term resistance levels and asserting its hold on the $500 zone. The bullish candles indicate an imminent change in market momentum after an extensive period of market consolidation. The price action is currently trading well above the full moving average ribbon.

Source: TradingView

The moving average ribbon is fully bull-stacked, which implies favorable trend conditions. The former areas of resistance in the $280-$300 region have reversed to major support levels, hence promoting confidence in the positive trend. The RSI is above 60, depicting managed growth, while the MACD remains positive, implying that there may be consolidation before possibly going 30-35% further.

Also Read: Zcash Price Analysis: ZEC Eyes $662 Retest After Major Whale Withdrawal