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ZEC rebounds near support but faces resistance as bearish sentiment dominates Binance traders.

Market News
10 Jun 2026
AMBCrypto
View Source
Neutral
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Zcash (ZEC) stabilized after defending the $359.60 support level, with buyers pushing the price back above $422.50. However, recovery is limited by resistance at $523.63, a key level that must be reclaimed for a stronger rally toward $620. Despite a notable long position by whale Garrett Jin, most top Binance traders remain bearish, with short positions outnumbering longs. Market liquidations are balanced, indicating uncertainty and potential volatility ahead. The improving RSI suggests easing selling pressure, but skepticism persists until resistance is overcome.

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