ZEC Inverse Head-and-Shoulders Pattern Forms with Targets at $570 and $595

Zcash (ZEC) has been trading in a range of $490-$520 after recovering from its recent pullback to the $470-$480 region.

According to crypto analyst Umer, ZEC's ability to remain above the key support zone of $450-$470 is a sign of continued strength. Meanwhile, trader Nebulabsxyz identified a potential inverse head-and-shoulders formation on the two-hour Binance chart, with a neckline near $525 and targets around $570 and $595.

The daily ZEC price structure shows that the cryptocurrency has recovered from its recent pullback and is attempting to establish a higher low above the $496-$500 area. QuantumEdge_QTG noted that ZEC has been reclaiming key short-term moving averages, although the price remains below broader daily downtrend resistance.

The weekly high at $510.57 has become an important reference point for Zcash. A sustained move above this level would provide additional evidence that buyers are gaining control of the short-term structure.