Key Insights:
- ZEC holds above $372 support and climbs to resistance, forming a textbook ascending triangle pattern.
- Volume builds as ZEC tests $470, a breakout level that could unlock a 35% price move.
- A confirmed close above $470 may push ZEC toward $630, with buyers defending the rising trendline.
Zcash (ZEC) moved up after rebounding from the $372 support zone. This level has held during past declines and once again acted as a base for buyers. After the bounce, price returned to a previously marked demand zone, where it had consolidated for several sessions.
At the time of writing, ZEC trades near $478.89. It is up 7.1% in the past 24 hours and 3.7% over the last seven days. The $372 level remains a key area. If it breaks, price may revisit earlier support levels near $300, $193, or even $117. Until then, the focus stays on whether the recovery can continue.
Structure Points to Breakout Pattern
The 4-hour chart shows a price structure forming a clear ascending triangle. This pattern has a flat top around $470 and rising lows. It reflects buying interest building under fixed resistance. Price was testing the upper boundary of this setup.
CryptoBull shared that ZEC is approaching a breakout zone. “Volume is rising as good momentum, keep an eye on,” the post stated. Higher lows suggest buyers are stepping in earlier, while the $470 mark continues to act as a ceiling. Price is now nearing the point where a move either above or below will confirm the direction.
$470 Seen as Decision Level
The $470 area is proving difficult to break. This level matches a previous mid-December high, where sellers stopped the last major move up. ZEC is now testing this point again. A close above it may confirm a breakout.
Ali said ,
“Zcash $ZEC is setting up for a 35% breakout! A close above $470 would confirm it,”
Based on the height of the triangle, a breakout from this setup could take price toward the $630–$640 range. Until the price closes firmly above $470, the pattern remains unconfirmed.
Volume Builds as Market Watches
The push through $450 came with strong volume. This shows active participation from buyers. Rising volume during a pattern often adds strength to the move. The RSI was near the upper end but still within range.
If the price stays above $470, ZEC could begin a move toward the next levels. If it drops back below support, the structure may fail.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.