Zcash price surges – How THIS support could fuel ZEC’s $300 run
**What’s Driving Zcash’s Recent Price Surge and Bullish Momentum?**
Zcash (ZEC) has experienced an impressive price surge recently, driven by a combination of strong technical indicators, rising retail accumulation, and buyer dominance across multiple markets. Over the past 24 hours, ZEC prices have increased by 8.5%, extending its bullish streak for the fourth consecutive day.
Currently, the token is trading around $238, maintaining a strong position above the 20-day Exponential Moving Average (EMA) after bouncing off a support level near $187. This support has proven to be a solid base following a strong rejection four days ago, setting the stage for further upward momentum.
**Technical Indicators Signal Renewed Strength**
Beyond the price action, the ZEC Stochastic RSI has been bouncing from the oversold zone — often an early indicator of renewed market strength. This suggests that selling pressure has eased, and buyers are gradually stepping back into the market. Such setups frequently precede larger rallies, especially when accompanied by rising trading volumes. At present, ZEC appears to be following this promising pattern.
**Buyer Dominance and Growing Retail Interest**
Buyer dominance is evident across both spot and futures markets. According to CryptoQuant’s Cumulative Volume Delta data, buying activity has surged significantly over the last four days. In addition, retail traders are actively accumulating ZEC, further fueling the ongoing momentum.
This convergence of bullish factors — where institutional interest meets increasing retail confidence — often results in amplified price movements. On-chain metrics reinforce this optimistic technical outlook, suggesting continued upward potential for ZEC.
**The Importance of the $300 Resistance Level**
The critical test for Zcash’s next move lies at the $300 resistance zone. This level is significant both psychologically and technically. A break above $300 would confirm the strength and sustainability of the current rally.
Liquidity pockets are beginning to form above the current price, indicating potential volatility as ZEC approaches this zone. However, if bulls maintain their momentum and hold the support levels, a clean breakout above $300 could be within reach.
**What’s Next for ZEC?**
All current metrics and indicators point toward a prolonged bullish run. As long as ZEC remains above its EMA support and momentum signals stay positive, the question is not if, but when the token will reach and possibly surpass the $300 mark.
Investors and traders should keep an eye on these key levels and market signals to capitalize on potential opportunities during this evolving rally.
https://ambcrypto.com/zcash-price-surges-why-this-support-could-fuel-zecs-300-run
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