Zcash Price Rebounds to $270, Eyes $320 & $500 Targets
Zcash price rebounded off a key ascending trendline to retest the $270 level after surging over 240% in October and reaching a four-year high of $304.40. The privacy-focused token ZEC now trades around $271, up 14% in 24 hours and 29% on the week. Shielded transactions via zk-SNARKs have climbed to 4.92 million ZEC, valued at $1.31 billion, while Grayscale’s Zcash Trust launch and expanding DeFi integrations further fuel bullish sentiment. Technically, Zcash price has formed an ascending triangle with an RSI of 66 and shortening MACD histogram bars, suggesting further upside. A daily close above the $310–$304.40 resistance zone could open the path to $320 and even $500. Key support lies between $234 and $204 on any pullback. Upcoming catalysts include wider privacy adoption and the next Zcash halving.
Bullish
Zcash price retest of $270 after a 240% October rally and record shielded transactions signals strong bullish momentum. Key catalysts like Grayscale’s Zcash Trust launch, DeFi integrations, and upcoming halving support further upside. Technical indicators—including an ascending triangle pattern, RSI at 66, and a shortening MACD histogram—suggest more gains. A clear break above the $310–$304.40 resistance zone could drive ZEC toward $320 and $500, while support at $234–$204 offers risk management levels. These factors point to continued bullish pressure in both the short and long term.