Zcash (ZEC) is on the verge of a significant price breakout, with technical analysis indicating a potential surge if it surpasses the $470 resistance level. Currently trading at $442, ZEC is forming an ascending triangle pattern on the 4-hour chart, suggesting a bullish continuation. Key technical indicators, including the MACD and the 50-Day SMA crossing above the 200-Day SMA, support this positive momentum.
A successful breakout could propel ZEC towards $650, marking a 35% increase. Institutional interest in Zcash is also growing, as top holders have increased their positions by 2% during a recent market dip. The cryptocurrency has already seen a remarkable 700% gain in 2025, underscoring its strong performance this year.
Zcash Poised for 35% Surge Amid Bullish Technical Indicators
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