Zcash (ZEC) Technical Breakout: Double-Bottom Pattern Projects $849.95 Target

Privacy coin ZEC flashes bullish reversal signal as technical formation completes

CHARTING THE REVERSAL

That double-bottom pattern everyone's been watching just confirmed—and the implications are massive for Zcash holders. After months of sideways action, ZEC's technical setup now points toward a potential surge to $849.95.

MARKET MECHANICS IN MOTION

The formation's neckline break triggered algorithmic buying across major exchanges. Volume confirms the move—this isn't just another false breakout. Institutional accumulation patterns suggest smart money positioned ahead of the technical confirmation.

PRIVACY COINS GET THEIR MOMENT

While regulators keep chasing transparency, privacy-focused assets quietly build momentum. Zcash's zero-knowledge proof technology continues evolving while traditional finance still struggles with basic blockchain integration.

THE ROAD AHEAD

Key resistance levels loom at $600 and $725, but the technical target remains clear. If momentum holds, that $849.95 projection could hit before year-end—proving once again that chart patterns work until they don't, much like traditional portfolio managers' performance bonuses.

Momentum Indicators Show Slowing Bullish Strength

The RSI stands at 69.47, lower than the high of 76.31, showing some retreat from the overbought position. The break above 70 reflected intense buying, but the fall in the indicator now shows weakening demand. There are still some bulls in the market, although the pace has slowed following the fall to $498.69.

The MACD value is 136.33185 and is above the signal line, with a value of 87.27194, and hence the bullish trend is still intact. The histogram has fallen to 49.05991, signifying that the momentum is weakening, and the gap in the MACD is closing. In the earlier bars, there was strong growth, and now the smaller bars imply that the bullish power has weakened.

Reliance Global Group Fully Transitions into ZEC

Reliance Global Group, Inc. said on Tuesday that it has finished a major realignment of its Digital Asset Treasury. The company said that it has considerably simplified and clarified its strategy by transferring all the company’s digital asset holdings to the Zcash cryptocurrency, commonly abbreviated as ZEC.

🚨BREAKING: Reliance Global Group, Inc. on Tuesday announced that it has completed a strategic realignment of its Digital Asset Treasury (DAT) by consolidating its digital asset position into Zcash $ZEC pic.twitter.com/memsgHvxqI

The firm noted that this change should improve how it manages its treasury and support its longer-term digital asset plans. By embracing the full use of ZEC, the company hopes to leverage the dependability, flexible transparency, and privacy technologies offered by the cryptocurrency in defining its long-term financial plans.