$ZEC Zcash Ascending Channel Breakout Setup – Privacy Surge Targets 2x+ 🚀🔒🔥

Zcash is grinding higher in a multi-year ascending channel (from 2020 lows), now consolidating at the upper resistance box (~$30–$40) after a clean pullback to the midline support.

Current price ~$340 with bullish weekly engulfing and rising volume – channel breakout loading for massive upside.

Legendary bullish momentum:

✅ Ascending channel intact since genesis, fib 0.618 confluence

✅ RSI holding above 55 with bullish divergence post-correction

✅ Volume confirmation on highs, shielded tx adoption at ATH (30%+ supply)

✅ MACD line above signal, histogram expanding positively

Targets accelerating:

→ $450–$500 short-term (channel top extension)

→ $600–$700 mid-cycle (2025 halving pump)

→ $1,000–$1,200 full privacy bull run by 2026

Invalidation: Weekly close under $300 (unlikely).

Unified Addresses + ZK upgrades = ZEC privacy king uncrowned.

#Zcash #ZECBreakout #PrivacySzn

ZEC

293.97

-8.60%