Despite the recent volatility, Zcash has continued its upward trajectory, gaining over 16% in the past day and extending its monthly surge to around 350%. What stands out in this move is not just the speed of the rise, but how stable the momentum indicators remain, even after such a large gain.
RSI(14) sits at 63 and RSI(7) is at 57, which suggests that buying activity remains active but hasn’t pushed the asset into overbought territory yet.
This kind of technical setup tends to support the continuation of a trend, at least in the short term. It implies that the current pace of the rally is being sustained with steady interest rather than extreme speculation. While RSI can move quickly if volume spikes, right now it shows that price strength is still backed by reasonable momentum.
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Price Approaching a Key Technical Barrier
One of the most important levels in this setup is the 23.6% Fibonacci retracement zone near $236. As Zcash moves toward this area, traders will be looking to see if momentum holds or if the level triggers a temporary pause. Fibonacci levels often act as magnets during trending markets. In this case, the reaction around $236 may decide whether the next leg can extend or if a short-term consolidation is more likely.
The Bollinger Bands also give useful context. Despite recent gains, volatility remains controlled, with price staying within the bands. This signals that the trend isn’t being driven by wide price swings or erratic spikes, which can often precede pullbacks. Instead, the steady approach toward a technical barrier suggests an orderly rally rather than an overheated one.
Broader Sentiment Still Favors ZEC
News around Zcash has stayed positive in recent days. Reports have highlighted its outperformance compared to other major crypto assets and continued interest from both retail and institutional sides. Some forecasts are now speculating whether ZEC can test levels near $300 if current momentum holds. While those projections remain speculative, the strong relative strength and price structure support the idea that bullish sentiment is still intact.
Other headlines have focused on the coin’s renewed attention due to privacy narratives and ecosystem developments, including increased trading volumes and visibility across crypto exchanges. Although these factors aren’t always reflected directly in technical setups, they often support price trends when aligned with bullish momentum.
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Conclusion: Trend Intact, but Resistance in Sight
Zcash continues to show strength across both price action and technical indicators. RSI levels are still supportive of further gains, and the price is moving toward a meaningful Fibonacci zone around $236. The Bollinger Bands show controlled volatility, which gives space for the trend to continue if demand remains steady.
For now, ZEC’s trend remains strong, and unless the price fails to hold around the $236 mark, the structure continues to favor upward movement. But with the coin already up several hundred percent in a month, traders will likely become more cautious around key resistance levels.
