Zcash Price Prediction: Can ZEC Extend Its Rally Toward $646?
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- ZEC holds above key EMAs, reinforcing a strong bullish trend across timeframes.
- Open interest above $1B signals fresh capital supporting the ongoing price rally.
- Exchange outflows reduce selling pressure, strengthening upside momentum further.
Zcash (ZEC) extended its impressive rally after breaking above a major technical barrier, giving bulls greater control of the market. The privacy-focused cryptocurrency traded near $550 after gaining 8.83% over the past 24 hours and 14.42% during the previous week. Daily trading volume climbed above $507 million, highlighting strong investor participation throughout the move.
Besides, ZEC’s market capitalization has grown to more than $9.23 billion, reflecting renewed confidence in the asset. While momentum remains firmly positive, traders now face an important test as the price approaches another resistance zone that could d…
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