The price of Zcash (ZEC) is experiencing a four-day bullish streak, jumping 8.5% in the last 24 hours to trade at $238. This rally follows a strong rebound from the $187 support level and has kept the token firmly above its 20-day Exponential Moving Average (EMA).
Key Bullish Indicators
The technical and on-chain metrics suggest a sustained uptrend:
- Momentum Shift: The Stochastic RSI is bouncing out of the oversold zone, a classic signal that selling pressure is easing and buyers are returning to the market.
- Buyer Dominance: Data from CryptoQuant's Cumulative Volume Delta confirms a significant surge in buyer dominance over the past four days in both spot and futures markets.
- Retail Interest: Retail traders are actively accumulating the token, adding momentum to the rally. This convergence of institutional interest and retail confidence is expected to amplify the price movement.
The Road to $300
The next major challenge for Zcash is the $300 resistance zone, which carries both psychological and technical significance.
- A break above $300 would serve as a powerful confirmation of the rally's strength.
- The current buildup of liquidity pockets above the trading price suggests that a move toward this zone could trigger significant volatility.
For now, all signs point to a prolonged bullish run. As long as ZEC holds above the EMA support and momentum indicators remain positive, a climb to the $300 level appears increasingly likely.
October 2025, Cryptoniteuae