Zcash Breaks Through Resistance – Will Bullish Momentum Continue?

Recent price action for Zcash (ZEC) has shown a strong upward trajectory, exceeding key resistance levels and hinting at potential gains in the coming days. Breaking through the $39-$40 range could signal a significant rally towards $45-$50, as evidenced by increasing trading volume and bullish sentiment. However, failure to break this crucial level may lead to price retractions back towards the support area around $34.88. 10.7% growth over the last 24-hours points to a sustained market momentum for ZEC. The recent price breakout, accompanied by rising trading volumes, suggests stronger investor interest. Technical analysis indicates a descending triangle pattern, with a breakout that has historically led to price surges exceeding 100%. The recent movement aligns with increasing market activity.