ZEC Could Retest $600 if This Key Level Holds, Analyst Says
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ZEC Could Retest $600 if This Key Level Holds, Analyst Says

By Samuel

ZEC trades below $600 as analysts watch $570 reclaim and $540 support, with $620 resistance key for a move above $700.

Zcash is trading near a key recovery area as traders watch the $600 level again. The latest market comments place $540, $570, and $620 at the center of the setup.

Market analyst Ardi said ZEC is sitting just below $600 after a clean move from recent lows. He described the current phase as a continuation attempt after price reclaimed lost support.

Another analyst, Nehal said the $540 breakout remains the level bulls need to defend. He added that a move above $620 could weaken the wider lower-high structure.

For now, the ZEC outlook depends on whether support holds during the next pullback. A firm hold could keep the $600 retest in focus for traders.

ZEC Recovery Structure Remains in Focus

Ardi said ZEC has followed a clear sequence from its recent lows. Price first moved below support, then reclaimed that area. This move may have trapped short sellers before the latest recovery attempt.

The analyst said ZEC is now trying to continue higher. However, price still needs to clear nearby resistance. A move back above $570 would strengthen the short-term setup.

The $570 area is now an important hourly base. If buyers reclaim it, ZEC could challenge the zone above $600. Without that move, price may remain inside a tight range.

$540 Support Holds Bullish Setup

Nehal said ZEC is trading at a critical level. He said the $540 breakout must hold as higher-timeframe support. This level now acts as the main line for the bullish case.

https://.twitter.com/nehalzzzz1/status/2078370504621351043?s=20

If $540 holds, the next target sits near $620. Nehal described $620 as a major resistance zone. It also marks the final lower high from the May pattern.

That structure matters because ZEC has remained below lower highs for months. A clean break above $620 would change that pattern. It could also open the way toward levels above $700.

Read also: Zcash Emergency Upgrade Fixes Critical Bug as ZEC Eyes $610 Breakout

$620 Break Could Shift Wider Trend

The next move depends on how the price reacts near $620. A decisive break above that level would improve the recovery structure. It would also reduce pressure from the previous downtrend.

However, rejection before $620 would keep the wider downtrend active. In that case, sellers could try to push ZEC back toward support. Traders would then return focus to the $540 area.

For now, ZEC remains between support and resistance. The main levels are $540 support, $570 recovery, and $620 resistance. These zones may guide the next move toward $600 or lower support.

Samuel

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Samuel

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