Zcash continues to show strong momentum as privacy coins return to market focus.
ZEC gained around 15% over the past 24 hours, trading between approximately $579 and $690 before closing near $659. The rally is supported by renewed investor interest in financial privacy and the broader search for altcoins showing relative strength while Bitcoin and Ethereum remain mostly sideways.
Key technical levels:
Current price: around $659 EMA-20: near $606 Support: $654 and $634 Resistance: $674 and $690 RSI: around 66 Upper Bollinger Band: near $693
The short-term outlook remains neutral to slightly bullish as long as ZEC holds above the EMA-20 and does not break below $634.
A sustainable move above $690 could confirm a bullish continuation toward the $690–800 area. On the downside, a break below $634 would increase the risk of a correction toward $623 and then $580.
