Zcash Outpaces Bitcoin and Ethereum, but Analyst Flags Three Cracks in the Rally
Zcash (ZEC) Price Performance. Crypto trader Altcoin Sherpa previously identified $398 as a critical resistance level for ZEC. He suggested the coin could rally to the mid-$400s or low-$500s if ZEC holds above that level, and it has already cleared that zone. Nonetheless, he also expects a “big pullback” once ZEC reaches the levels. I remain undefeated on zcash:native. Zcash Rises as 3 Signals Point to a Fragile Rally Meanwhile, the bullish view contrasts with on-chain analysis from Joao Wedson, founder and CEO of Alphractal. Wedson now sees three reasons for caution. “ZEC has gained fresh momentum, but it lacks on-chain structure and sentiment support,” he said. Wedson argued that long-term holders have already moved their coins earlier in the cycle, with little recent activity observed. He also pointed to a sharp drop in social media posts around the token. Lastly, the “Alpha Price” metric, used to estimate potential cycle tops, shows a wide gap near $1,500, suggesting that such levels may be unrealistic given historical behavior. “Even though ZEC is rising in the short term, extra caution is needed now due to market sensitivity. This could also be a signal for sellers who have not yet sold the remaining coins they still hold,” the executive added. While