Key Insights:
- A top analyst suggested a Zcash price prediction of $580 if the privacy coin were able to break above $470.
- The privacy coin already crossed the mark following a 17% rally over the past week that helped it test $520.
- On the 2-hour chart, the price spent several sessions moving inside a symmetrical triangle.
A top analyst suggested a Zcash price prediction of $580 if the privacy coin were able to break above $470. At the time of writing, the cryptocurrency entered the weekend on Saturday with a 17% gain and was trading at $519.
Zcash Price Prediction: Breakout Past $470 Confirms 35% Potential Rally
Zcash price began to show strength on the lower time frames, with a recent price analysis update by Ali_charts highlighting a potential Zcash price prediction of $580 after the privacy coin broke past $470.
The key level to watch has been $470, he noted in an earlier post and noted that such a move would trigger a breakout rally towards $600. This area capped prices several times during the recent consolidation. Previous attempts to break it failed, making it a clear resistance zone. That is why Ali noted that a close above $470 would confirm a breakout.
That confirmation has now arrived. ZEC pushed past $470 with strong momentum and followed up with a sharp upward move. This was not a slow grind. The quick breakout suggests confidence from buyers.
From a technical view, this move completes a classic ascending triangle pattern. The projected move from this setup suggests roughly a 35% upside from the breakout. This matches the $580 target Ali highlighted in his latest update.
In the near term, $470 should now act as support. As long as price holds above this level, the breakout is still valid. Small pullbacks into the zone are normal and don’t signal weakness.
Zcash Crypto Trades Within Symmetrical Triangle Setup
The Zcash crypto has been coiling for days, and price is finally starting to show its hand, according to crypto expert Matthew. After a long period of compression, the market is attempting to break higher, which puts ZEC back on the radar.
On the 2-hour chart, price spent several sessions moving inside a symmetrical triangle.
Both sides were clearly defined and now that balance is beginning to tilt. ZEC has pushed above the upper trendline, opening the door to a possible upside move.
Matthew recently pointed out that Zcash cryptocurrency is breaking upward from the triangle, but warned traders to stay alert for a potential fakeout. That caution makes sense. These patterns often trigger early enthusiasm before the real move begins.
The structure leading into the breakout was already improving. Higher lows continued to form, indicating that buyers were becoming increasingly confident. The latest candles also closed near the top of the range. That matters. It suggests that traders are not rushing to sell on strength and are willing to hold onto higher prices.
Still, breakouts like this are rarely clean. Short-term pullbacks are common. A brief dip back toward the broken trendline would not be a negative sign. If buyers defend that area, it would actually strengthen the bullish case.
Volume tells a quieter story for now. There has been no sharp surge, but trading activity has remained steady. Ideally, volume should expand if this move is real. Without clear confirmation, the risk of a false breakout remains. That’s why caution is needed.
The former resistance line is now the key level. If ZEC stays above it, there is room to move toward recent highs. But if price falls back inside the triangle, the breakout weakens, and a deeper pullback becomes more likely.
For now, the setup leans bullish, but it is not confirmed. This is the kind of moment where patience pays. The next few candles should reveal whether this move has real strength behind it or if the market is setting a trap.