ZEC Is Moving Toward Its Highs? A Technical Breakdown
Zcash (ZEC) is showing clear signs of strength on the daily timeframe. After a prolonged accumulation phase, the asset has successfully broken its descending market structure, which is often an early signal of a trend reversal.
The key moment was an impulsive breakout above the 470–500 zone. This move was decisive, with strong momentum, confirming active buyer interest rather than a weak or false breakout. Importantly, this zone has now flipped into support, which significantly improves the bullish outlook.
As long as the price holds above 470–500, the upside scenario remains the priority. Market structure currently favors continuation rather than distribution.
Key Levels to Watch
Support: 470–500
Resistance / Target: 680–700
The 680–700 area represents a major resistance zone where sellers are likely to become active. A reaction here would be natural, but a clean breakout could open the door for a broader expansion toward higher levels.
Market Structure Outlook
From a structural perspective, ZEC now displays:
Higher probability of trend continuation
Strong bullish momentum
Healthy support retest conditions
Overall, the chart looks constructively bullish, and ZEC remains one of the more technically interesting setups in the current market environment.
