Will Zcash (ZEC) Price Rally Beyond $500? Here’s What the Charts Say

Zcash (ZEC) has experienced a sharp 13% upside move, nearing the $500 mark, reflecting improved holder confidence and technical strength relative to other altcoins. Momentum indicators are bullish, with the Relative Strength Index (RSI) above 50.0, suggesting buyers are gaining control. Furthermore, the Chaikin Money Flow (CMF) is trending higher, indicating a slowdown in capital outflows, which could transition into net inflows if market conditions remain stable, supporting a sustained upward trajectory.

Currently priced near $438, ZEC is testing the critical $442 resistance level. Clearing this resistance is necessary to confirm the rally's continuation toward the $500 target, which requires only a 13.8% increase. Conversely, if ZEC fails to break $442, it risks falling back toward the $403 support level, with a breakdown below that potentially leading to a deeper correction toward $370.

(Source：BeInCrypto)