On a Wednesday that felt as if it were drafted by the cosmic accountant of chaos, Zcash shot up 25%, inching its monthly climb past the 60% mark as if that were a polite request.
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The Supertrend indicator turned green, which in trader lingo means the current trend has shifted favorably for the buyers. Even the MACD lines crossed the zero line and are moving up, signalling that buying momentum outstrips the selling pressure. This is often the calm before the next climb, like a mountain goat before a sprint.
Currently, Zcash is testing the 38.2 % Fibonacci retracement level at $332. Above that lies the 50 % retracement level at $375- the next key resistance. A successive breakout from these levels could fling ZEC price beyond the $400 psychological threshold.
On the flip side, if Zcash falls below the $278 support level, it might slide back toward the $190 region, where it has happily huddled in previous sessions.
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2026-04-08 13:59