ZCash rebound eyes $320–$357 but low volume raises risk

ZCash (ZEC) has pulled back from recent highs but shows signs of a short-term recovery after defending key support levels. Over the past week ZEC fell about 6.7%, with the perpetuals market seeing roughly $52 million in outflows and sizeable liquidations in the last month — signaling elevated volatility. On the daily chart RSI (~43) and a weakening OBV point to limited upside momentum, yet price tested and held the $250–$251 area and briefly rallied toward $320. The H4 structure flipped bullish after reclaiming $251 as support, opening scope for a deeper retracement. Key technical levels: keep $250–$251 and $187 as primary support zones; upside targets are $320 and $357 (61.8%–78.6% Fibonacci zone). Low trading volume and falling volume on rallies are a limiting factor — bullish continuation requires sustained buying and higher volume, while failure to hold the $250–$260 band risks a retest of $187–$300 (with prior reporting also noting a $330 support context in earlier coverage). Trading approaches: consider low-risk long entries near $260 with targets $320–$357, or wait for rejection at $357 to consider shorts; closely monitor volume, RSI and price action around $250–$260 for confirmation. The long-term narrative for privacy coins remains intact, but traders should remain conservative given low volume and recent volatility.