On Monday, January 26, the course $ZEC fell to its two-month minimum at $Z26. However, over the last few days, the cryptocurrency partially recovered from losses and is now fluctuating at the level of $Z68. At the current moment, there are indications for a continuation of the growth. On the daily chart, the price of Zcash formed a multi-month bullish pennant, a figure that is usually considered a signal for continuation if it appears during a stable upward trend. Breaking this model may lead to parabolic growth of the digital asset in the coming months. Such a trend is often observed after breakouts of such reliable technical structures. Momentum indicators, such as MACD and RSI, also indicate that the bulls have enough strength to provoke a breakout. Notably, the MACD lines seem to be about to cross in a bullish direction; at least, the RSI has bounced off the oversold level and is approaching neutral territory. For Zcash, strong movement upwards, overcoming the psychological resistance level at $400, could provoke growth to $700. This target is calculated by adding the height of the previous flagpole to the price at which the breakout occurs. At the time of publication of the article, this target was 90% above the current course.

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