The post Will Zcash price rise above $300 after confirming bullish reversal pattern? appeared on BitcoinEthereumNews.com.

Zcash price shot up over 25% on Tuesday, outpacing the broader crypto market and taking the spot of the leading gainer of the day. Summary Zcash price surged over 25%, becoming the top gainer of the day after confirming a multi-month falling wedge breakout on the daily chart. Technical indicators, including a bullish MACD crossover and a green Supertrend, signal strengthening upward momentum. On-chain fundamentals remain strong as shielded pool liquidity hit a record high, and the network hashrate reached a new all-time peak. According to data from crypto.news, Zcash (ZEC) price briefly hit a daily high of $288.12 on March 17, bringing its market cap to over $4.78 billion. Trading at $273 at press time, the privacy token still remains 34% higher than its weekly low and 41% above its lowest level this month. Zcash’s sharp surge appears to have been fueled by investor interest after the privacy token’s price confirmed a multi-month falling wedge breakout on the daily chart. Zcash price has confirmed a breakout from a symmetrical triangle pattern on the daily chart — March 17 | Source: crypto.news Falling wedges are formed with two descending and converging trendlines, and a confirmed breakout from the upper trendline of the pattern has historically served as the precursor to sustained rallies over subsequent sessions. Other technical indicators appear to support a potential bullish outlook for the token. Notably, the Supertrend has flipped green, which occurs when the price closes above the volatility-based resistance level, signaling that the short-term trend has shifted back to the buyers. At the same time, the MACD lines have also formed a bullish crossover and are on the verge of moving above the zero line. When such a move occurs, it means that the positive momentum is accelerating and the asset is entering a more…

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Filed under: News - @ March 17, 2026 1:30 pm