Privacy-Focused Zcash Tops Key Resistance Above $40 to Flash Bull Signal

Zcash (ZEC) has broken through a significant resistance zone of $40-$43, reaching a high of $45.80—its highest since January. This breakout follows months of sideways trading, with reliable support at $25. Analysts suggest that this upward movement, driven by increased demand, could lead ZEC to surge towards $60. The bullish momentum is backed by technical analysis indicating that such price movements often attract more buyers. In contrast, Zcash's peer, Monero (XMR), has also exhibited positive momentum with a recent breakout and significant price gains. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: CoinDesk