The ZEC price has had a disturbing run this week, hitting new all-time highs and captivating crypto enthusiasts with an astounding 61.62% gain in just 7 days. A surge in adoption, whale acquisitions, and a parade of traders jumping on the bandwagon are fueling ZCash’s rise.
ZCash’s market capitalization rose to $10.1 billion, with trading volume of $1.8 billion. This highlights how ZEC is attracting attention from all corners of the crypto world. It’s no secret that privacy coins are finally gaining traction and ZEC is leading the way.
ZEC price analysis
Let’s take a closer look at why ZEC price has technically skyrocketed and where it could go next. The breakout above $548.61 was an inflection point that moved traders. This broke ZCash’s 2025 high and caused $18.8 million in liquidations, confirming that short sellers were caught off guard.
The momentum indicator flashed a red-hot signal. RSI-14 rose to 77.07, which is textbook overbought. This means the rally was sharp and fast, and sellers could soon test the bulls’ resolve. MACD also showed a bullish divergence. Momentum remains strong, but history shows that such rapid spikes are rarely sustained.
The breakout had momentum as volume reached $1.8 billion, keeping pace with price. In terms of price targets, short-term traders have sent ZCash prices soaring on the breakout, but face increasing short-term pullback risks. The next Fibonacci extension has a 127.2% target price of $663.37, a level that could lead to stronger selling. The daily range is from a low of $505.51 to a high of $630.59, with high volatility. That being said, ZEC price is likely to test resistance at $662 before a correction materializes.
FAQ
ZCash is a privacy-focused cryptocurrency that provides users with the option to secure their transactions while maintaining the integrity of the public blockchain.
ZCash’s market cap measures the total value of all coins, so a higher cap often indicates wider adoption and investor confidence during a rally or breakout.
ZEC’s price is technically overbought, with an RSI of 85 and the price well above its recent average. The upside objective remains, but traders need to be wary of any negative reactions in the price.
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