Zcash Price Repeats Setup Behind Its 250% Rally, Analyst Says
Summary
Zcash is consolidating around $1,200–$1,400 after retreating from a late-September peak near $1,700. Analysts see a possible repeat of the summer’s breakout pattern, but say resistance at $1,370–$1,400 must give way for targets of $1,500–$1,700; a longer-term chart projection reaches $2,500. Key support lies at $1,200–$1,210 and $1,030–$1,050, with a break below the latter potentially confirming a bearish pattern. Recent network upgrades Ironwood and NU7 added a verified shielded pool, supply-auditing features, faster block times and a revised fee mechanism. These technical forecasts remain conditional, and the piece also notes uncertainty around ZEC’s development funding.
