Key Insights:
- Zcash (ZEC) price prediction shows a bear flag after a 60% fall.
- CMF stays below zero, and OBV is flat, showing weak buyer support.
- A break under the flag points to $141, while $533 is the key level to stop the bearish view.
Zcash (ZEC) price prediction charts continue to show a weak setup even after the recent bounce. The price has already dropped about 60% from the last peak.
It now trades inside a rising “bear flag” pattern, which is a small upward move that forms after a large fall. This pattern can lead to another 60% move down if the support line breaks.
Some analysts think this area is an accumulation zone, but the chart still carries notable downside risk.
Why Zcash Price Prediction Hints at a 60% Drop?
Zcash price is inside a rising bear flag. This is a pattern where the price falls sharply, then rises slowly inside a narrow channel. If the price breaks below the lower trendline, the old fall can repeat.
This is why the current structure matters for Zcash price prediction.
The next measured move from this pattern points toward $141 for ZEC price. This number comes from applying the size of the first fall to the point where a breakdown may happen.
The price has not confirmed this move yet, but the setup is present. Money flow also adds pressure.
The Chaikin Money Flow (CMF) is a metric that shows if money is entering or leaving the market. It uses price and volume to measure this.
Values above zero show inflows. Values below zero show outflows. Zcash CMF has been below zero for weeks and is making lower lows.
This means large traders are not adding strong support to the price. On-balance volume, or OBV, gives another view.
OBV adds volume on days when the ZEC price moves up and subtracts volume on days when the price moves down. This helps track buying or selling pressure over time.
Zcash OBV broke a short-term downtrend but is still flat. A flat OBV means buyers are not showing strong interest. OBV would need higher highs to support a stronger recovery.
Correlation with Bitcoin has also changed. Zcash now shows a -0.18 correlation with BTC over the past week.
Correlation shows whether two prices move in the same direction. A negative value means they move slightly opposite. If Bitcoin rises because of better sentiment or policy news, Zcash may not follow.
This increases the risk that Zcash underperforms even when the broader market improves.
Some Analysts Still See ZEC Accumulation, but the Chart?
Not everyone sees the setup as bearish. Some analysts on social platforms believe Zcash may be in an accumulation phase.
Accumulation is when large buyers slowly take positions during a long sideways period. One analyst using Wyckoff ideas says Zcash (ZEC) price may be forming a base between $300 and $400.
Another analyst points out whale wallets that show higher buying activity while smaller traders are selling.
This creates a mixed picture. Large buyers may be active, but the chart pattern has not changed. The bear flag still exists. CMF is still below zero. OBV is still flat. None of these confirms a stronger upside yet.
For the bullish view to gain strength, Zcash price needs to break above $533. This level is important because a move above it would recover a large part of the earlier fall.
When a bear flag fails, it usually happens because the price rises too high to keep the pattern valid. A close above $533 would weaken the bearish idea and support the view that accumulation is working.
Key Levels Zcash Price Must Hold
Zcash traders could be watching both sides of the chart. If the lower trendline of the bear flag breaks and CMF makes new lows, the downside toward $141 becomes likely.
This would repeat the earlier 60% fall. If OBV also turns down, it adds more risk.
On the other hand, if Zcash price holds the support line and breaks above $533, the bearish view fades. This would show stronger demand and may support a move back toward old resistance levels.
Right now, the Zcash price prediction still shows a clear downside path unless the market gives stronger signs. Until buyers show more volume and CMF moves above zero, the pattern remains weak.
The accumulation story from some analysts may still be possible, but the chart needs better proof before that view becomes reliable.