Will Zcash (ZEC) Price Finally Retest $500 After Nearly 8 Years?
BeInCrypto
Zcash price is showing strong bullish momentum, potentially leading to a retest of the $500 level not seen in nearly eight years.Summary
Zcash (ZEC) is experiencing renewed interest as a top privacy coin, leading to optimistic investor sentiment reflected in a surging weighted sentiment indicator. Technically, the Chaikin Money Flow (CMF) confirms strong inflows, but it is approaching an overbought threshold, suggesting a potential short-term correction before further gains. Currently trading around $416, ZEC needs to break the $450 resistance to target the significant psychological barrier of $500, a level unmet for almost eight years. Failure to breach $450 could lead to a pullback toward $400 or even $344, invalidating the immediate bullish outlook.
(Source：BeInCrypto)