Zcash price prediction: Can $ZEC đ break $520 after 14% rally?
#Zcash surged toward $500 as volume and Open Interest climbed sharply across markets.
Zcash [ $ZEC ] surged nearly 14% over the past 24 hours as traders returned aggressively and pushed the token back toward a major resistance zone. The rally coincided with a sharp increase in participation across the market, with the trading volume climbing 40.48% to $665 million.
These figures showed that fresh capital had entered the market rather than simply rotating within existing positions.
Price also advanced toward the psychological $500 level after recovering from recent weakness. As a result, buyers regained control of the short-term market structure.
The combination of rising volume and accelerating price action reflected strengthening conviction among participants.
Zcash reclaims support as bulls regain control
Technical conditions improved considerably after Zcash [ZEC] reclaimed the $404 support zone and established higher lows above that level.
Price then advanced toward the major $520 resistance area, which had previously acted as a key turning point. The daily chart showed buyers steadily rebuilding strength following the sharp decline witnessed earlier this month.
RSI climbed to 51.53 and moved above its signal line at 44.90, indicating improving bullish conditions.
This recovery pushed the indicator back above the neutral threshold and suggested growing buying interest.
Despite that improvement, Zcash still traded beneath the $520 resistance barrier.
A decisive move above that level would strengthen the recovery structure significantly.
Beyond $520, the next major resistance remained near $695, where sellers had previously regained control during earlier rallies.