The last time ZEC touched this price zone, the trade was over within days. Zcash has now climbed more than 40% in a single week, and it is sitting just below the same resistance band that triggered a sharp rejection back in November 2025.
Price is at $667.85 as of this writing. The $698–$730 area is right above it. That zone stopped the entire rally cold last time.
ZEC Weekly Chart — @alicharts | Source: X
As alicharts posted on X, ZEC has moved up more than 40% over the past week and is now approaching the resistance zone around $700–$730. That range produced a major rejection in November. The setup is nearly identical.
A Cup Years in the Making
The daily chart tells a longer story. On the Binance perpetual contract, ZEC has traced out a textbook Cup and Handle formation stretching from late 2025 through May 2026. The cup formed between the November high near $741 and the lows around $184. The handle developed between April and May, consolidating just above the neckline at $394.
That neckline has now been cleared. According to Coinglass data, Zcash futures open interest climbed 35% to $1.23 billion in the 24 hours before this article was published, reflecting the intensity behind this move.
ZEC/USDT Daily Chart with Cup and Handle — Source: Binance / TradingView
The 50% Fibonacci retracement level sits around $469–$497. That is where the handle corrected to before the current leg up. If the coin fails to break $700 cleanly, those levels become the first area traders will be watching for a re-entry.
Where the Sellers Are Waiting
According to 0xWhaleHL on X, the 4H chart is printing a new high alongside a fresh bear supply zone just below the main ATH supply area. The structure suggests ZEC could be setting up for a deeper retracement. The first target on a pullback is $470, with a possible final dip reaching down to $394.
That $394 area is the Cup and Handle neckline. Losing it would invalidate the bullish structure entirely.
The Same Wall From November
On-chain data from ZecHub showed a similar configuration in October–November 2025, the last time ZEC approached this zone. Shielded transaction share dropped sharply, indicating most of the activity was speculative rather than privacy-driven. The same pattern is repeating now.
ZEC surged from roughly $192 at the 2026 low to $698 at the week’s peak, a move of 257.50% as charted in the weekly view. For a Kenyan trader holding ZEC through the consolidation phase, that return is meaningful. But the risk calculus changes entirely at this resistance.
The EU’s Anti-Money Laundering Regulation, set to take effect in 2027, explicitly prohibits banks and licensed crypto service providers from handling privacy coins like Zcash. That regulatory overhang has not stopped the current rally, but it stays in the background as a structural risk for long-term holders.
Whether $700 breaks this time or produces another rejection depends on volume confirmation into the close. A clean weekly close above $730 changes the picture.
