At $428, Zcash finds itself caught between two opposing narratives in the market. Some believe that Zcash is currently selling at a discounted rate and should be bought at this level as it has the potential to hit four digits. The other group believes that if Zcash loses the $360 level, it will enter an aggressive bear market.
Zcahs could enter bear territory if bulls dont defend $360
Zcash, trading at $428 at the time of writing, has been caught between two opposing narratives in the market. One crypto netizen who goes by the pseudonym Joao Wedson claims that ‘if ZEC drops below $360, it will likely return to a more aggressive bear market phase.’
To support his explanation, the analyst used the CVDD channel to estimate whether the asset is expensive or cheap. The CVDD Channel is a set of bands derived from the CVDD model.
These bands are used to identify historical market bottoms, fair-value zones, overheated market conditions, and long-term accumulation opportunities. Based on this indicator, the analyst observed that the $360 level is a strong support level, and the bulls will need to defend it tenaciously.
However, in the event the bulls fail to hold the prices above this level, the bears will dominate the market. As per CVDD, the next best support level that Zcash could crash to is from $48 to $170.
Zcash recovered 100% during past 4 days, but will it hit 4 digits?
Another crypto netizen, who goes by the pseudonym Yusuf, stated that Zcash has the potential to reach four digits based on its price action for the past four days. Unlike Wedson’s argument, which had solid indicators and grounds, Yusuf’s observation was merely emotion-driven.
Some community members ridiculed Yusuf’s expectation that Zcash would reach $6000 per coin.
Zcash will face resistance at the $500 psychological level
As shown in the chart below, Zcash has been supported by the 200-day MA at $377, and it escaped from entering the bear domain below $360. It’s not just that support level that makes Zcash look bullish; the overall structure shows that the privacy coin has maintained its bullish trend since October 2025.
As Zcash is currently recovering after rebounding off the 200-day MA, the next resistance level it might encounter is the $500 price level. This level could prove difficult to break, as it represents a major psychological resistance where traders who accumulated at lower levels may be tempted to lock in profits. In addition, round-number price levels often attract increased selling activity, as many market participants place take-profit orders around these areas.
Should ZEC approach the $500 mark, volatility is likely to increase as buyers and sellers battle for control. A decisive breakout above this level, accompanied by strong trading volume, would signal that bullish momentum remains intact and could open the door for a move toward higher targets.
