Zcash Eyes 35% Breakout – Technical Analysis Suggests Major Price Movement Ahead
The post Zcash Eyes 35% Breakout – Technical Analysis Suggests Major Price Movement Ahead appeared on BitcoinEthereumNews.com.
Zcash (ZEC) is a privacy-focused cryptocurrency that has had technical developments that have prompted both traders and analysts to take notice. Ali Charts, a well-known crypto analyst, recently analyzed some Zcash charts and indicated that if ZEC breaks above the $470.00 mark, it could see a price increase of around 35%. Over several weeks, the 4-hour chart has developed an ascending triangle formation which is typically a bullish continuation pattern. This is a technical setup that coincides with the growing interest from retail and institutional users in privacy coins and thus the potential breakout is notable. Technical Signs Indicate Bullish Dynamics At this point $442 in price action for Zcash clearly puts it into a pivotal point. With an ascending triangle pattern identified, a flat resistance area of $450-$470 exists at its top, while a consistent test of a rising support line exists below. As such, this compression generally shows buyers building momentum. Technical indicators are in line with the positive longer-term price trend. MACD has had positive momentum for two weeks, which indicates that buyers have continued to act on their interest in this asset. The 50-Day SMA is also well above the 200-Day SMA, which confirms that we are continuing with a strong upward movement for this asset over the short term. Analysts suggest that ZEC may see significant price movement if it surpasses the $470 mark, indicating a possible 50% increase towards the $650 level. This target aligns perfectly with the anticipated measured move of the ascending triangle pattern and the Fibonacci extension levels. Privacy Narrative Strengthens by Institutional Interest The technological establishment has been influenced by the presence of key movers and shakers in the industry revitalizing interest in the cryptocurrency market with a focus on privacy. Zcash’s distinct dual transaction system; allowing customers the ability…
Filed under: News - @ December 27, 2025 9:05 pm