Core Insights - Zcash price has increased approximately 15% over the weekend, approaching a key resistance level, leading to discussions about potential further gains or a short-term cooldown [1] Momentum Signals - The 12-hour chart indicates a lower high for ZEC between November 16 and November 27, while the RSI shows a slight increase, suggesting a hidden bearish divergence that may precede a short-term pullback [2] - The Money Flow Index (MFI) indicates that while ZEC price rose between December 12 and December 28, the MFI trended downward, suggesting that demand is not strong enough to sustain the price increase [3] On-Chain Positioning - Whale activity on the Solana chain shows a 7.46% reduction in whale balances over the past 24 hours, indicating that larger holders may be locking in profits or waiting for better entry points [5] - Despite the reduction in whale balances, the top 100 addresses (mega whales) increased their holdings by 4.59%, reflecting a long-term positive sentiment [5][6] Price Levels and Potential Movements - Zcash is currently trading near $518, with a key resistance level at $527. A close above this level could lead to a potential price increase towards $633, representing a 22% gain from current levels [7] - Initial support is identified near $435, with further downside risk if this level is breached, potentially exposing $370 [7]