Zcash (ZEC) price has been the best performing privacy coin, rising nearly 470% over the past three months. The token is currently trading near $250 after a brief dip, and while it has eased from its recent surge, it still holds most of its gains.
At first glance, the pause (even the pause from yesterday) may appear to be losing momentum. But the signals suggest something different: the whales are taking a step back, retail belief remains strong, and technical patterns continue to suggest that the broad uptrend is not over yet.
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Whales slow, but retail traders hold on to faith
Big investors are starting to slow down their buying. The Chaikin Money Flow (CMF), which measures large capital inflows, has fallen sharply from over 0.45 in early October to around 0.04 now. This shows that whales have started taking profits after driving ZEC’s initial rally.
Still, this isn’t entirely bearish. Even when CMF fell earlier this month, ZEC prices continued to rise. Token appreciation is no longer entirely dependent on whale activity, with retail traders filling the gap.
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In the past 24 hours, ZEC’s net flows reversed from +$18.14 million to -$4.06 million, a 122% change in the outflow direction. This means more tokens are leaving the exchange, suggesting that holders are buying more tokens.
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Small traders appear to be piling up money, while large holders are reducing their exposure, a pattern that often helps sustain the rally. Adding to that conviction, Zcash’s shielded pool recently exceeded 4.5 million ZEC, locking in nearly 27.5% of its total supply.
This surge in shield holdings indicates that more users are moving their coins into long-term private storage rather than trading them, tightening market supply and reinforcing confidence in Zcash’s privacy technology.
ZEC’s price structure still shows strength behind the scenes
ZEC price action indicates that this pullback is likely to be a pause rather than a breakdown. The structure remains healthy and multiple signals suggest that the uptrend is maintained.
The full breakout prediction for the flag setting indicates an ambitious potential move of 547% based on the height of the pole, but Zcash price targets remain a distant story for now. Nearer levels like $284, $314, and $441 look more likely as future resistance zones.
The Relative Strength Index (RSI), which measures the strength and speed of price changes, provides a clear indication of the changes. A few days ago, around October 16th, a hidden bullish divergence appeared where the RSI made a new low while the price made a higher low. As a result, a short-term rebound pushed ZEC higher before the latest pullback.
Now, a similar divergence is forming again. This setup often signals a continuation of the trend, as prices continue to make higher lows while the RSI declines slightly. If this pattern repeats, ZEC could soon resume its rally towards the next resistance levels at $284 and $314.
However, if the price drops below $247 and then below $209, it could indicate temporary weakness. A break below $187 will break the bullish structure and expose ZEC price to further severe correction.
