Zcash Recovery Begins: Will the Bulls Push ZEC Price To $500 This Weekend?

Zcash (ZEC) price is witnessing a sharp shift in sentiment as traders quickly flip bullish following a wave of short liquidations that hit the market over the past few hours. The sudden unwind of bearish positions has injected fresh upside momentum into ZEC, lifting expectations that the privacy token may be preparing for a short-term price recovery.

With volatility rising and liquidity improving across the ZEC derivatives market, analysts are now watching whether the token can reclaim its pivotal support zone before the weekend.

Short Liquidations Trigger a Bullish Shift

In the past 12 hours, the Zcash price has faced the third-largest short liquidations after Bitcoin and Ethereum. Zcash’s latest upswing began when a cluster of short positions was wiped out within a tight trading window, creating a classic short-squeeze effect. This forced bearish traders to exit their positions at market price, adding buy-side pressure and accelerating the reversal