Zcash is struggling to extend its recovery as selling pressure returns near the $1,360 resistance zone. The $ZEC price is trading around $1,295.71, down 2.06% over the previous 24 hours. Although the broader recovery structure remains intact, repeated rejections near overhead resistance suggest that buyers have yet to regain decisive control.
With the price approaching a critical intersection between horizontal support and the ascending trendline, the next move could determine whether $ZEC resumes its recovery or faces another deeper correction.
Zcash Consolidates Below Critical Resistance
After climbing sharply from below $700 to nearly $1,700, the cryptocurrency has entered a consolidation phase, with buyers attempting to defend a rising trendline. $ZEC has spent the past several weeks consolidating while maintaining an ascending trendline. At $1,295.71, the token remains above its immediate support structure, but the repeated rejections near resistance indicate that buyers still need to demonstrate stronger momentum.
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