Technical analysis by melikatrader94 about Symbol ZEC: Buy recommendation (10/24/2025)

Hi! Zcash is currently showing a potential bullish structure following the completion of a QML (Quasimodo Level) pattern around the $220–$230 demand zone. After the previous high was engulfed, the price retraced deeply into the QML zone, forming a higher low and respecting the ascending structure highlighted by the trendline. This indicates that buyers are gradually regaining control. The recent bullish impulse from the QML zone aligns with the ascending channel, suggesting that as long as the price remains above the lower boundary, the short-term bias stays bullish. If the momentum continues, the next key resistance levels to watch are: $280–$300 → mid-channel resistance and previous supply area $340–$360 → upper boundary of the channel and extended target On the other hand, a break below $230 (QML invalidation) would signal weakness and could trigger a deeper correction toward the $190–$200 demand zone.