The post ZEC’s $370 Resistance Crumbles This Week – $400+ Target in Play appeared on BitcoinEthereumNews.com.

Caroline Bishop
Apr 16, 2026 12:44

Zcash breaks above critical resistance with institutional accumulation accelerating. Privacy coin momentum points to $400+ within 7 days as technical barriers collapse.

Market Context: Privacy Coins Resurging Zcash has broken free from months of sideways consolidation, with institutional money flooding back into privacy-focused cryptocurrencies. The recent regulatory clarity around privacy coins in key jurisdictions has removed a major overhang that kept ZEC suppressed throughout 2024. Volume patterns show sophisticated accumulation over the past two weeks, with large block trades appearing consistently during Asian trading hours. This isn’t retail FOMO – institutional players are building substantial positions ahead of what appears to be a significant technical breakout. Technical Picture Aligns Perfectly ZEC’s price action shows textbook momentum building. The coin has successfully held above key support levels while methodically working through resistance zones. Recent price compression has created the exact setup needed for explosive upside moves. The most compelling aspect is how ZEC has absorbed selling pressure at each resistance level without giving up meaningful ground. This absorption indicates strong underlying demand that’s been building for weeks. When resistance finally breaks completely, the move higher should be swift and substantial. Institutional Positioning Shifts Smart money has clearly shifted from neutral to aggressively bullish on ZEC. The accumulation pattern shows sophisticated buyers stepping in consistently, particularly during any temporary weakness. This type of buying behavior typically precedes major moves higher. More importantly, the lack of significant selling pressure at current levels suggests most weak hands have already been shaken out. The holder base appears increasingly committed to higher prices, creating the foundation for sustained upward momentum. Why $400+ Makes Sense ZEC’s technical setup points directly toward the $400 level and potentially beyond. The breakout above $370 resistance removes…

---

Filed under: News - @ April 17, 2026 2:26 am