ZEC Bulls Charge Toward $750: Why Zcash Could Be Crypto’s Next Breakout Star
Zcash isn't just holding its ground—it's mounting an offensive. The privacy-focused asset has bulls firmly in the driver's seat, with technical momentum building toward a major psychological target: $750.
The Setup: More Than Just a Rally
This isn't about fleeting hype. The move reflects a deeper alignment of factors. While traditional finance debates rate cuts, crypto assets like ZEC are writing their own playbook—one that often bypasses Wall Street's anxiety altogether.
The Target: A Number That Matters
All eyes are on the $750 level. Hitting it wouldn't just be a win for portfolio values; it would signal a validation of the underlying tech thesis during a period where 'digital gold' narratives get all the airtime. It's a quiet reminder that utility, not just store-of-value, can drive serious price action.
The Bottom Line: Watch the Break
The path is clear, but not guaranteed. Markets have a habit of humbling the overconfident—just ask any fund manager who's tried to time a top. For now, momentum favors the bulls. If ZEC can sustain this pressure and capture that $750 prize, it won't just be a win for holders; it'll be a case study in how focused assets can outperform even when the macro picture looks... well, like a spreadsheet designed to induce naps.
Zcash Structure Holds as Bulls Target Higher Levels
Analyst CryptoPulse highlighted that the asset is performing relatively well as compared to other altcoins. According to the analyst, pullbacks toward the $480 level could be advantageous entries. That is still one of the main zones where buyers have intervened.
Higher levels are being targeted provided that the price remains above this support. The next significant resistance identified by analysts was at $650. Any break above that might see the price test the area of $750. As long as the structure is intact, these targets will not be nullified.
Moreover, another analyst, Zia ul Haque, revealed a breakout over the $468 demand zone. He observed that the subsequent rally was as expected. Following the move, Zcash entered a sideways range. The shift represented a cooling of volatility rather than an indication of selling pressure.
This phase of consolidation implies that the market is taking in new gains. Reduced volatility may follow sharp upsurges. But analysts cautioned that a decisive drop below the support will cause a further sell-off.
RSI and MACD Signal Ongoing Bullish Momentum
The Relative Strength Index (RSI) is at 62.00. Such a level keeps Zcash beneath the area of overbought but still indicates consistent bullish action. The RSI moving average is at 52.49, which means that the buying force remains stronger than the selling one.
Source: TradingView
The Moving Average Convergence Divergence (MACD) indicator is supportive. The MACD line stands at 14.14, the signal line stands at 17.49, and the histogram stands at 3.35. These readings indicate that bullish momentum is yet to calm down, but it is showing a slight decrease as price action enters consolidation.
Trading Volume Climbs as Open Interest Signals Caution
According to CoinGlass data, the trading volume ROSE by 10.88% to $3.61 billion. Meanwhile, open interest declined by 8.64% to $1.24 billion. The Zcash OI-weighted funding rate was -0.0016%. This implied that shorts dominated in perpetual markets slightly more than longs.
Liquidation data indicated the imbalanced pressure in the positions. There were a total of $8.57 million in liquidations in the last 24 hours. Short liquidations amounted to $6.17 million, and long liquidations were about $2.41 million.
