$ZEC is showing an extremely strong vertical move on the 1H chart, with price surging from around $560 to a fresh high of $647.68. After this aggressive rally, price is now consolidating directly below the $648–$655 resistance zone, making this an attractive area to watch for a short-term rejection. The move is heavily extended, so profit-taking can trigger a sharp pullback if buyers fail to break $655. Immediate support is around $622–$625, followed by stronger support near $590. A loss of $622 could accelerate the correction toward $600–$590, while a clean breakout above $655 would invalidate the short setup.

Fundamentally, Zcash still has strong bullish catalysts, so this is a counter-trend short, not a long-term bearish call. Recent catalysts include Cypherpunk Technologies launching a Zcash mining fleet backed by a $33.33M Winklevoss Capital transaction, while Grayscale's latest Zcash ETF amendment discusses a potential contribution of around 200,000 ZEC. Zcash also has an upcoming NU7 coinholder vote beginning August 25, which could keep volatility elevated.

Short Zcash
Entry Zone: 640 – 650
Stop Loss: 678
Or Stoploss To Entry
TP1: 625
TP2: 605
TP3: 590

Do your own research.
Short #ZEC Here 👇👇👇