Zcash gained 13% in 24 hours, trading near $438 as technical indicators signal improving momentum. The privacy-focused cryptocurrency is testing key resistance levels that could determine whether it extends gains toward $500.
What Happened: Rally Tests Resistance
The Relative Strength Index climbed above 50, placing ZEC among altcoins showing bullish momentum despite broader market uncertainty. This shift suggests buyers are gaining control over price action.
The Chaikin Money Flow indicator is trending higher, though it remains below zero.
The upward movement signals capital outflows are slowing, a development that could precede net inflows if conditions stabilize.
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Why It Matters: Recovery Outlook
Zcash is testing $442 resistance at press time. Breaking above this level would confirm rally continuation and open a path toward $500, requiring a 13.8% increase from current levels.
Failure to breach resistance could pull prices back to $403 support.
A breakdown below that threshold would weaken the bullish outlook and potentially trigger a deeper correction toward $370.
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