$ZEC 3W: Ascending Channel + Key Support Hold โ Privacy Beast Ready to Roar ๐๐ก๏ธ๐ฅ
Zcash's 3-week chart is riding a multi-year ascending channel from 2020 lows, with price ~$355.51 now testing the midline support (~$350โ$360) โ defended flawlessly 4x historically, each sparking +200โ500% rallies. Volume contracting amid BTC dip, classic accumulation signal.
Bullish macro intact:
โ Ascending channel with higher highs/lows locked
โ Support zone aligning with 200W MA for confluence
โ RSI ~38 neutral-oversold (exact 2020 bottom level before moon)
โ MACD histogram flipping positive, bullish cross incoming
โ Fundamentals: Shielded $ZEC supply ATH ~30%, zk-SNARK upgrades boosting adoption
Targets on channel breakout (~$450, Q1 2026):
โ $450โ$550 (midline flip + ATH retest)
โ $750โ$900 mid-cycle (2026โ2027)
โ $1,500โ$2,000+ full privacy surge
Invalidation: Monthly close under $300. ZEC's zero-knowledge edge = untouchable.