The chart for $ZEC on Binance is showing a classic explosive breakout! đ
Zcash just blasted off from the lows around $220.67â$228.81, pumping hard in one massive green candle to hit a 24h high of $281.68 before a minor pullback to the current price of $273.45 (+19.18% in 24h). Labeled as a POW Gainer, this move came with solid volume (281K+ ZEC traded, ~$70M USDT), confirming real conviction from buyers.
After weeks/months of choppy sideways action in the $230â$250 zone (those red/green candles building a base), we finally got the impulsive breakout we've been waiting for.
This screams renewed interest in privacy coins â Zcash's zk-SNARKs tech for shielded transactions is getting fresh attention amid broader market narratives around financial privacy, potential regulatory shifts, and DeFi/altseason momentum. High volume on the surge suggests it's not just retail FOMO; there's likely whale/institutional buying behind it.
Key levels to watch:
- Resistance: Immediate overhead at the high $281.68â$284+. Clear that and we could see quick extension to $300+ (psychological level + prior structure).
- Support: First dip zone around $257â$244 (previous swing highs/lows), then stronger at $231â$220 if we get a healthy retrace (don't fight the trend on shallow pullbacks).
Candle structure is strongly bullish â no immediate bearish reversal patterns, momentum still intact upward. Expect possible retest of breakout area ($250â$260) as support before the next leg higher if volume holds.
Next move prediction:
Bullish continuation favored toward $290â$320+ in the short term if we stay above $260 and volume doesn't dry up. A dip to $250â$255 could be a solid long entry for the ride higher â privacy coins like ZEC often run hard when the narrative heats up!
