- Zcash is outperforming and leading the broader privacy coin sector.
- Recent breakout above long-term resistance signals a bullish reversal price is targeting $860 and $900.
- Trading volume surge confirmed active market participation and increased investor interest.
Zcash (ZEC) prices surged fueled by renewed investor interest which has shifted from accumulation to an active uptrend.Analysts are keenly watching to see if the crypto can sustain momentum and hit higher targets.
Technical Breakout Signals Trend Reversal
Zcash experienced a multi-year decline from 2018 through 2023 trend changed in 2024 resulting from shifts in market dynamics. A highlighted projection zone suggests potential price targets between $860 and $900. Traders are watching these levels closely for follow-through momentum.A breakout above long-term resistance could reinforce a transition toward upward movement.
As reported on social media platform X by @JavonTM1, ZEC is nearing the $662.99 target. The asset recently gained over 12% reflecting increased market participation which have attracted attention from both short-term traders and medium-term investors.
Rising Trading Volume Supports Momentum
The 4-hour TradingView chart shows ZEC surging to $464.34, after a 7.02% intraday gain. This movement is accompanied by a volume spike of 379.56K, indicating strong engagement from the market. Higher highs and higher lows confirm the continuing uptrend.
The 200 EMA at $266.40, is acting as long-term support, however, the current price level is heavily extended above the EMA, signaling robust bullish momentum. Volume expansion during breakouts adds credibility, suggesting the rally is not solely speculative.
Pullbacks toward $400–$420 could present accumulation opportunities for investors observing medium-term trends. This price action demonstrates controlled but active upward movement.Short-term resistance appears near $470–$480, a zone where sellers have dominated.
Privacy Coin Sector Leads Gains
Over the past 30 days, the privacy coin sector has outperformed other markets, rising more than 70%. Zcash leads this surge with a 140% increase, capturing investor focus in a market otherwise showing subdued performance.
New trading activity includes a $7.9 million USDC deposit into Hyperliquid, with a 5x long ZEC position opened. The account shows careful risk management, with a portfolio equity around $7.89 million and low leverage.
Active positions in ZEC under 5x cross margin reflect cautious bullish strategies. The current market price is $435.87 and is showing minor fluctuations.
