Zcash price is at a technical crossroads, testing a decisive resistance band that could validate a runway toward four-figure territory. Charts highlight a confluence of resistance between $594–$610 that market participants view as the critical short-term trigger.
ZEC broke out of a descending channel and has formed a bullish continuation structure, consolidating inside a pennant; a clean daily close above the pennant’s upper trendline is cited as the confirmation to pursue higher projections. The analysis outlines intermediate ceilings at $662.99 and $745 and extended targets at $831 and $1.007.
On a more aggressive read, the pennant’s measured move implies a theoretical target near $4.750, contingent on a sustained breakout accompanied by expanding volume.
Momentum indicators underpin the bullish bias. The Relative Strength Index (RSI) is around 58–63, indicating positive momentum without immediate overbought extremes; the RSI is a momentum oscillator that measures the speed and change of price movements.
The MACD shows a bullish crossover and a positive histogram, supporting short-term buyer control. Price has reclaimed the 50-week moving average and several Fibonacci retracement levels, with the mid-range around $500 flipped to support after recent gains. A mild bearish divergence in the Chaikin Money Flow (CMF) suggests inflows have temporarily slowed; a CMF breakout above 0.13 is highlighted as a validating signal that capital inflow has resumed.
Cleared liquidity points frame the setup, with the $594–$610 band and prior rejection near $662.99 as the last notable supply zone before larger targets become accessible. Support levels cited include the former breakout area at $300–$350, now treated as structural support.
Zcash price technicals, positioning and risks
Institutional signals and large-holder behavior are identified as the primary fundamental drivers. The narrative cites growing institutional interest via Grayscale’s Zcash Trust and the possibility of an ETF as legitimizing forces that could channel new capital into ZEC.
Zero-knowledge proofs (zk-SNARKs) are mentioned as a core technological narrative; zk-SNARKs are cryptographic proofs that let one party verify information without revealing the underlying data. Observed on-chain activity includes a withdrawal of 50.000 ZEC (roughly $22.17 million) from an exchange and incremental accumulation by top wallets, which the report interprets as whale-led accumulation.
Market voices present differing tones on the outlook and emphasize risk from leverage. Arthur Hayes is quoted projecting $1,000 as the “first stop,” while Eric Van Tassel warns a pullback toward $400 could act as a “normal reset” to clear excess leverage — a scenario that would reduce immediate upside but could set a healthier base for later advances. Leverage and liquidations are noted implicitly as amplification risks if momentum reverses.
