Zcash (ZEC) has seen a price pullback after a remarkable 1,200% surge earlier this month, now trading between $540 and $640. A significant market player, or whale, has opened a $12 million long position, acquiring 20,833 ZEC at $509.50, resulting in an unrealized profit exceeding $1.4 million. Analysts have pinpointed the $540-$600 range as crucial for determining ZEC's next move. Buyers are eyeing $750 as a potential target, while $350 is seen as the next support level if a reversal occurs. The whale's liquidation point is set near $220, reflecting confidence in ZEC's medium-term prospects. Analysts suggest that maintaining a price above $540 could signal a renewed uptrend, whereas a drop below this level might lead to further declines towards $350. Market participants are closely watching the $540-$600 range for signs of a breakout or further correction.