$ZEC Zcash (ZEC) is currently trading at $363.39, with a 2.38% increase. The market structure indicates a possible bullish trend, with the price consolidating above key support around $342.88.
*Key Scenarios:*
- *Bullish Case*: A breakout above $359.57 could lead to targets near $504.31, with the 23.6% Fibonacci retracement level.
- *Bearish Case*: Failure to reclaim $359.57 could trigger a drop to $342.88 support.
*Support and Resistance Levels:*
- *Support*: $344.08, $333.76, $318.82
- *Resistance*: $369.34, $384.29, $394.61
Some analysts suggest entering a long position around $330-$350, with a stop-loss at $300-$310 and targets at $370-$400, $420-$480, and $500-$650.
