The privacy-focused asset has demonstrated remarkable resilience against general market weakness, decoupling from the sector leader’s bearish trend. According to a recent Zcash price analysis by Aaryamann Shrivastava, the cryptocurrency maintains a negative correlation of -0.78 with Bitcoin, allowing it to operate independently during periods of high volatility. This unique behavior has captured the attention of investors seeking refuge from current uncertainty.
On the other hand, hard data reveals that Zcash is currently trading around 671 dollars, sitting just below the critical resistance of 700 dollars. The liquidation map highlights a key level at 788 dollars, where approximately 51 million dollars in short positions accumulate, creating a favorable scenario for a bullish acceleration. If the asset manages to reach these zones, it could trigger a cascade of forced liquidations that drive the value even higher.
It is fundamental to understand that this divergence from Bitcoin, which struggles to stay near 90,000 dollars after several days of decline, offers a significant strategic advantage. As long as the correlation remains in negative territory, Zcash will be less vulnerable to BTC-driven sell-offs, consolidating its position as a solid alternative in the short term. This decoupling not only reinforces its technical structure but also attracts capital seeking diversification outside the direct influence of major cryptocurrencies.
Can Zcash sustain this momentum and break the psychological barrier of one thousand dollars?
If buying pressure continues and the asset manages to convert the 700, 800, and 900 dollar levels into firm supports, the path toward 1,000 dollars would be clear. This would represent a 49% climb from current levels, a target achievable within the next 10 days if the Zcash price analysis remains favorable. Market participation has grown 65.5% since the start of the month, reflecting genuine interest from both retail and institutional traders.
However, downside risks must not be ignored. If selling pressure intensifies, the asset could lose its current momentum and retreat toward 600 dollars. A deeper correction would invalidate the bullish thesis, pushing the price toward 520 dollars and leaving the coin vulnerable to a more severe crash. Therefore, traders must closely watch the immediate resistance zone to confirm the trend’s continuity.
In summary, Zcash finds itself at a critical inflection point, with technical indicators favoring a bullish continuation if immediate barriers are overcome. The market will be attentive to the price reaction in the 788 dollar zone, where the liquidation of shorts could act as an explosive catalyst. The asset’s ability to maintain its independence from Bitcoin will define its trajectory in the coming weeks.
