Can ZEC hit $750 as leverage risk builds under the rally?

Zcash (ZEC) traded near $515 at press time as traders weighed a bullish chart setup against signs of weaker spot demand

Summary

• ZEC traded near $515 after a monthly rally, but weekly losses showed fading momentum.
• Crypto Patel said ZEC’s structure remains bullish, with upside targets at $643 and $750.
• Ardi warned weak spot demand and high perp volume may expose ZEC to sharper reversals.

The token moved between $497.79 and $525.21 during the session, showing active but uneven trading.

Crypto.news price data showed ZEC is down more than 5% in 24 hours and over 8% across seven days. The token remained up about 46% over the past month, keeping attention on whether buyers can defend the latest rally.

Analyst maps bullish structure

Crypto Patel said ZEC had formed a bullish structure after reacting from a weekly fair value gap. The analyst pointed to a market structure shift, a pullback into a discount zone, and buy-side liquidity above price.

He listed upside targets at $643 and $750, while placing invalidation at a one-day close below $294. The view was technical only and called for confirmation before any entry, meaning the setup remains conditional rather than confirmed.

Perp demand raises caution

Ardi gave a more cautious view, saying larger ZEC moves over the past six months have depended more on perpetual futures than spot demand. He said spot volume has made new lows while aggregated perp volume has made new highs.

That structure can make a rally more exposed to sharp unwinds if momentum fades. Ardi compared the current setup with the December lower high near $540, after which ZEC later traded back toward $185.

Moreover, crypto.news reported that Zcash extended its recent rally, but analysts warned that social activity and on-chain support had not kept pace with the move. That report said lower retail attention could make a price rise harder to sustain.

Earlier coverage also noted that ZEC surged more than 40% after Multicoin Capital revealed a large position. The rally also came as traders watched the FCMP++ upgrade and higher trading volume.

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