Zcash price tests symmetrical triangle resistance near $420 — is a secondary breakout coming?
PositiveCryptocurrency

- Zcash is currently testing the $420 resistance level of a multi-month symmetrical triangle, with rising trading volume and institutional accumulation suggesting a potential breakout. At press time, Zcash was trading at $395, reflecting an 11% increase over the past 24 hours.
- This development is significant as it indicates a possible shift in market sentiment towards Zcash, which has faced volatility and price declines in recent weeks. A successful breakout could restore investor confidence and attract further institutional interest.
- The cryptocurrency market has been marked by fluctuations, with Zcash experiencing a notable decline from its November peak of $750. Analysts are divided, with some warning of potential further drops while others highlight the cryptocurrency's recent rally and the growing interest in privacy-focused assets, suggesting a complex landscape for investors.
— via World Pulse Now AI Editorial System


