Zcash Holds A Bounce After Its November Peak Zcas

Zcash Holds A Bounce After Its November Peak

Zcash breaks from the trend. ZEC is trading near $384, up by about 10% in 24 hours, marking one of the few gains across large liquid names. The token had fallen steadily from its November peak near $700, yet recent market data show more active positioning at current levels and enough liquidity across venues to support a modest rebound.

The move does not form a new upward trend on its own, but it demonstrates the way privacy focused tokens can draw interest during quieter, defensive phases when traders search for assets with a historical pattern of occasional outperformance.

What This Phase Means For Altcoin Season

The current market still lacks the conditions for a broad altcoin season. Sentiment has improved from last week’s extreme lows, yet positioning remains conservative, and flows continue to concentrate in larger, more liquid assets.

Until Bitcoin can stabilize over a longer stretch and macro uncertainty eases, rotation is likely to stay narrow and sporadic. For now, the market sits in a phase where isolated tokens can rise on their own dynamics, but the overall environment still leans toward caution rather than a full risk recovery.