- Zcash holds firm above $155 as Ardi highlights strong bullish structure with higher highs signaling momentum toward prior peaks.
- The 38.2% Fibonacci retracement near $156 reinforces Zcash’s bullish setup with the trendline guiding prices higher since September.
- Sustained momentum above support zones between $155–$160 positions Zcash for another breakout as buyers retain full market control.
Zcash is showing renewed strength as the price continues to climb above key technical levels, signaling strong bullish momentum. According to crypto analyst Ardi, the privacy-focused cryptocurrency looks “structurally strong for another leg up” after successfully retesting its previous all-time high. The analyst shared his insights on X, highlighting that price action remains healthy and well-positioned for continuation if support levels hold.
Ardi emphasized that the recent pullback has confirmed strong structural support. “Price bounced off the bullish retest of the previous ATH, which also lines up with the 38.2% Fibonacci retracement,” he explained. With Zcash trading at $160.50, up 2.35% on the day, the bullish setup appears intact. The market currently shows a pattern of higher highs and higher lows—an encouraging sign of trend strength.
Price Structure Aligns With Technical Support
The hourly chart of the Zcash to TetherUS perpetual contract reveals a clean ascending trendline that has guided prices higher since late September. This trendline began around $65 and now stretches through the current rally above $150. Prices recently surged from $145 to $176 on October 4 before retracing to stabilize near the $155–$160 support range.
The structure shows clear consolidation around this region, marked by a yellow rectangle on Ardi’s chart. Moreover, Fibonacci retracement levels further reinforce the current support. There is a tiered defense zone for bulls, with the 61.8% level at $143 and the 38.2% retracement at $156. The upward trend bias will persist as long as prices stay above these supports.
Bullish Trendline Keeps Momentum Intact
The ascending white trendline remains the backbone of this rally. Consequently, any movement above the retest zone near $155 keeps the bullish pattern valid. Ardi noted that “holding above this retest level keeps the bullish structure intact.” Moreover, the analyst suggested that sustai
