ZEC breaks below $500 after losing $520 support as bulls watch the $470-$480 liquidity zone to avoid a deeper move into the $400s.
Zcash has moved below $500 after losing the $520 support level watched by traders. Analyst Ardi said the drop matched the downside scenario he had outlined earlier.
The next focus is the $470–$480 liquidity zone, where buyers may try to slow the pullback. That range also served as the earlier breakout pivot before ZEC moved above $540.
Ardi said the higher-timeframe chart may still be forming a higher low after a strong upside move. However, that view depends on how price reacts near the current support zone.
The coming week may show whether ZEC is rebalancing before another recovery attempt. A weak response could keep the wider $400 range in focus.
ZEC Loses the $520 Support Level
Ardi said ZEC has now cleanly moved below the $500 level. He linked the drop to the earlier loss of $520 support. That level had acted as an important line for short-term buyers.
$ZEC has now cleanly flushed below $500.
This was the scenario we outlined, with a move back into the $400s becoming likely once the critical $520 support was lost.
I’d now want to see bulls hold the key liquidity area between $470 and $480 to prevent a larger drawdown.
The… https://t.co/21QLlCeKW9 pic.twitter.com/cE38q8x4Fv
— Ardi (@ArdiNSC) July 24, 2026
Once $520 failed, a move back into the $400 range became more likely. The analyst said this was part of the scenario already discussed. As a result, traders are now watching lower liquidity areas.
The break below $500 has shifted attention away from immediate upside targets. Price now needs to show demand before recovery expectations improve. Until then, the latest pullback remains the main market focus.
$470–$480 Liquidity Zone Becomes Central
Ardi said bulls need to defend the $470–$480 area. He described it as the clearest zone for buyers to step back in. This area may decide whether ZEC avoids a deeper drawdown.
The $480 level also has an earlier chart value. Ardi said it was the prior breakout pivot used before the move above $540. Because of that, the level now acts as an important support test.
If buyers defend this range, ZEC may form a higher low. That would keep the broader recovery structure active. If the area fails, sellers may push the price deeper into the $400 range.
Read also: Zcash Emergency Upgrade Fixes Critical Bug as ZEC Eyes $610 Breakout
Higher-Timeframe Structure Faces Test
Ardi said the higher-timeframe chart is still building a possible higher low. This comes after an earlier strong move to the upside. The structure remains valid only if support holds near current levels.
The analyst said the next week should provide more clarity. Price action may show whether the pullback is only rebalancing liquidity. It may also show whether a larger rotation through the $400 range is forming.
Ardi said he still leans macro bullish on ZEC. However, he wants to see the response around $470–$480. For now, that zone remains the main level for traders watching ZEC’s next move.
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