- ZCash is responding to a significant bullish Order Block at $233, which implies possible institutional buying of the coin and a new surge of strength in the market in the short term.
- On-chain indicators, such as Realized Price and MVRV Z-Score, prove the rising investor confidence and justify the current bullish market structure.
- With liquidity and smart money activity at $273 and 298 respectively, it indicates that ZEC could continue its move on the upward trend in the near future.
ZCash (ZEC) is now in close proximity to a critical bullish Order Block around the $233 level, which could indicate a momentum shift if institutional buyers begin accumulating.
ZEC Reacts to Bullish Order Block Near $233
According to trader Crypto Patel, ZEC recently tapped a major bullish Order Block (OB) near $233, marking a high-probability zone where demand could increase. The area has shown early signs of support, as buyers appear to defend it after a corrective move. This reaction signals renewed interest from market participants seeking to capitalize on discounted prices within a bullish setup.
The current 4-hour market structure shows price consolidating inside the OB, typically a precursor to a breakout. Crypto Patel suggested traders monitor for a strong bullish candle close above the OB or a clear market structure shift before considering long entries. This confirmation would signal renewed momentum in favor of buyers.
From a technical standpoint, liquidity levels remain visible at $273 and $298, corresponding to Buyside Liquidity and the Previous Week High. These levels may act as potential targets if momentum strengthens from the OB zone, aligning with broader market activity that often seeks external liquidity before a retracement.
Smart Money Behavior and Market Liquidity Outlook
The analysis suggests that smart money may be preparing to drive ZEC toward these higher liquidity zones. Historical behavior shows institutional participants often accumulate near strong Order Blocks before targeting external liquidity areas. This approach supports the theory that large entities are positioning themselves for the next leg upward.
With the OB serving as a potential demand area, traders continue to monitor ZEC’s price behavior closely. The structure supports a continuation pattern, with the higher timeframe still maintaining a bullish bias. The $204 level serves as a logical stop zone, protecting against invalidation should price breach the OB to the downside.
Market participants interpret the confluence of OB support, liquidity positioning, and structural alignment as an early indicator of continuation potential. As long as the $233 zone remains defended, the probability of a push toward $273 or $298 increases in the short term.
On-Chain Indicators Reinforce Bullish Market Sentiment
Further strengthening the outlook, Alphractal noted that on-chain data aligns with ZEC’s recent technical structure. The Realized Price has been surpassed, a bullish sign historically associated with trend reversals. This movement suggests ZEC has regained investor confidence as prices trade above the average cost basis of holders.
In addition, the number of ZEC addresses holding over $10 million has increased, reflecting accumulation by large investors. This metric aligns with the narrative of institutional interest near the OB zone. The Delta Growth Rate turning positive indicates that fresh speculative capital is flowing into the market, further supporting bullish momentum.
Moreover, the MVRV Z-Score has entered positive territory, reinforcing that ZEC’s market value is outpacing realized value—a typical feature of an ongoing bull cycle. Combined, these on-chain signals provide a supportive backdrop for the technical setup described by Crypto Patel.
ZCash’s current position near the $233 Order Block, coupled with rising on-chain strength, reflects growing confidence across both technical and fundamental fronts. If the order block continues to attract demand, ZEC may soon target the $273 and $298 levels as liquidity objectives.
