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Zcash trades near $515 amid mixed signals of bullish setup and weak demand

Technical Signals
17 May 2026
Crypto news
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Neutral
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Zcash (ZEC) traded around $515 following a monthly rally but showed signs of weakening momentum with weekly losses. Analyst Crypto Patel highlighted a bullish technical structure with potential upside targets at $643 and $750, though this remains conditional. Conversely, analyst Ardi cautioned that weak spot demand and high perpetual futures volume could lead to sharper price reversals. Despite a 46% gain over the past month, concerns remain about sustaining the rally due to lower retail interest and uneven trading activity.

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