Zcash (ZEC) is experiencing a bullish rally, with open interest reaching a yearly high of $518 million, signaling strong investor interest. The cryptocurrency is trading near $356, with resistance at $375. If this level is surpassed, ZEC could target $400 to $420. Analysts highlight that the 20-, 50-, 100-, and 200-day EMAs are positively aligned, supporting the uptrend. A sustained close above $375 may lead to further gains toward $465 and $500, while a decline below $331 could see a pullback to $305 or $278.