Zcash (ZEC) remains in a broader bullish structure despite a possible short-term pullback. A retest of the liquidity zone could help reset momentum before another recovery attempt, while renewed trading activity and stronger lending demand suggest growing market participation and could influence ZEC’s next major move.
As of now, according to CoinMarketCap data, Zcash (ZEC) is trading at $967.45, up 18.95% over the past 24 hours and 18.29% over the past week.
ZEC Could Retest $760–$694 Liquidity Zone Before Recovery
According to prominent crypto analyst Eric Van Tassel, Zcash remains strongly bullish on the macro timeframe despite its recent decline. The analyst has extended the short-term ascending triangle setup, saying the pullback could create another opportunity within the broader bullish structure.
The analyst expects ZEC to fall toward the $760–$694 liquidity zone before recovering. This area includes the previous high and the upper boundary of the larger ascending triangle that ZEC recently broke above, making it an important level for the next phase.
Such a decline would not necessarily weaken the bullish outlook. Instead, a retest could help clear liquidity, lower the elevated daily RSI, and allow ZEC to test former resistance as support. A successful hold of this zone could provide a stronger base for another upward move.
The upcoming September 11 CPI report could become a catalyst for that recovery. If ZEC sweeps the lower zone and quickly reclaims it, the analyst would view that as a liquidity grab rather than a breakdown. From there, ZEC could target the $887–$900 area and potentially challenge its previous high.
Zcash Trading Volume Reclaims $15M as Market Activity Strengthens
Rhea Finance reported that Zcash is seeing renewed trading activity, with its 24-hour trading volume climbing back above $15 million, exceeding the level recorded in the previous update. The increase suggests that market participation around ZEC has strengthened as traders continue to monitor its recent price action and potential recovery setup.
At the same time, 4,520 ZEC has reportedly been supplied as collateral to borrow stablecoins. This indicates that some holders are using their ZEC positions within lending markets to access liquidity without selling their holdings directly.
Following this activity, RHEA plans to increase the ZEC market utilization rate to 70%. The adjustment is scheduled to take effect by September 1, 2026, at 12:00 PM UTC, potentially allowing a larger portion of supplied ZEC to support stablecoin borrowing.
The higher utilization target comes as demand for ZEC-backed borrowing gains attention. With trading volume also recovering, the combination of stronger market activity and increased lending utilization could become an important factor to watch for ZEC as traders assess whether the broader bullish structure can support another move toward the recovery targets outlined above.
