{"id":29887,"date":"2026-05-28T14:40:00","date_gmt":"2026-05-28T13:40:00","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=29887"},"modified":"2026-05-28T13:07:04","modified_gmt":"2026-05-28T12:07:04","slug":"zcash-zec-440-may","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/zcash-zec-440-may\/","title":{"rendered":"Zcash: Will ZEC reach $440 before the end of May?"},"content":{"rendered":"\n

Context of the Rally and Correction<\/h2>\n\n\n\n

In the four days leading up to the correction, ZEC<\/a> displayed remarkable performance, rising from a level near $503<\/strong> to a peak close to its all-time high at $688.<\/strong> This increase of over 37%<\/strong> was accompanied by high volume and growing interest in Zcash’s privacy features, particularly its zk-SNARKs that enable optional shielded transactions.<\/p>\n\n\n\n

However, as is often the case after a sharp upward movement towards a major resistance level like an all-time high, profit-taking took precedence. The liquidity sweep above $688 attracted sellers, leading to a rapid decline. Currently, the price hovers around $532-$520,<\/strong> representing a drop of approximately 20-23% from the recent peak. This dynamic is not unusual; powerful rallies are often followed by healthy retracements that test the conviction of participants.<\/p>\n\n\n\n

Technical Analysis: Is a Return to $440 Inevitable?<\/h2>\n\n\n\n

The Fibonacci retracement is one of the most respected tools among institutional and retail traders. It corresponds to a zone where retracements statistically have a high probability of bouncing back, as it represents a balance between impulsive movement and correction.<\/p>\n\n\n\n

\"ZEC<\/figure>\n\n\n\n

From the bullish impulse on April 30 at $330<\/strong>, the major 0.618<\/strong> zone is located around $450. Additionally, the daily Fibonacci Bands have a midpoint around $440.<\/strong> The likelihood of ZEC reaching this zone in the coming days is very high.<\/p>\n\n\n\n

However, maintaining above $520-$530 would preserve the overall bullish structure. A breakdown below $500 would open the door to a test of $430-$450,<\/strong> temporarily invalidating the bullish trend.<\/p>\n\n\n\n

A close below these prices would lead ZEC to seek its bullish order block at $330,<\/strong> indicating that ZEC would have retraced its entire rise.<\/p>\n\n\n\n

The daily RSI shows a massive bullish divergence and has returned to neutral territory. Now, confirmation of a bottom above $440<\/strong> with bullish divergences on lower time frames is awaited.<\/p>\n\n\n\n

With a hold above $430,<\/strong> ZEC could rebound towards $830, representing an increase of 80%<\/strong>. It will be necessary to wait for the rebound and a pullback to position oneself or to set a stop-loss at $416.<\/p>\n\n\n\n

Futures Positioning and Market Sentiment<\/strong><\/h2>\n\n\n\n

The Futures data provides a nuanced perspective. Funding rates have turned positive again, reflecting a growing interest in long positions. This indicates that buyers are gradually returning, but it also carries a risk: premature longs during a correction can amplify a cascade of liquidations if the price drops further.<\/p>\n\n\n\n

Open interest remains strong<\/strong>, and the long\/short ratio is slightly bullish. However, with positive funding rates during a pullback, the market remains vulnerable to an additional “shakeout” before a genuine reversal. This is precisely the type of setup that allows smart money to liquidate impatient longs before the real recovery.<\/p>\n\n\n\n

\"ZEC<\/figure>\n\n\n\n

It is worth noting that the largest cluster is located to the south around $380.<\/strong> A rapid drop to this level remains possible. This is why it is essential to wait for a clear rebound at $440<\/strong> before positioning oneself.<\/p>\n\n\n\n

The Two Scenarios to Watch<\/h2>\n\n\n\n

Bullish Scenario \u2014 Main Probability if Support Holds:<\/strong><\/p>\n\n\n\n

Buyers defend the $520-$550 zone. A rebound confirmed by a bullish engulfing candle or a bullish RSI divergence could propel ZEC towards $600-$650 quickly, then test the recent highs at $688. The longer-term target is between $750 and $800 in the coming weeks, driven by the privacy narrative and increasing institutional flows.<\/p>\n\n\n\n

Bearish Scenario:<\/strong><\/p>\n\n\n\n

If selling pressure persists \u2014 particularly with unsupported positive funding rates creating conditions conducive to liquidation cascades \u2014 we could see a liquidity sweep below $500, targeting the $450-$420<\/strong> zone. This would represent a deeper but healthy retracement, establishing an even stronger base for a subsequent recovery.<\/p>\n\n\n\n

ZEC is at a pivotal moment. After a 41% rally, the current correction tests market conviction. With sustained volume, positive funding rates returning, and an overall bullish technical structure on the weekly chart, buyers have a real opportunity to defend this level.<\/p>\n\n\n\n

The market remains uncertain in the short term. However, technical confluence suggests that Zcash could well resume its ascent towards $830<\/strong> before the end of the year. The coming days will be crucial.<\/p>\n\n\n\n

Sources:<\/strong><\/p>\n\n\n\n