Overview
- Zcash jumped to about $336, roughly a 24% daily gain, after pushing through a resistance area that had capped recent rallies.
- The move built on a setup where price reclaimed the daily 50‑day exponential moving average and re‑tested the $270 ceiling that analysts described as a two‑level breakout.
- Trading picked up sharply, with earlier 24‑hour volume reported at $458.23 million, a 50.1% rise that pointed to stronger spot buying across major exchanges.
- Market watchers now point to near‑term targets around $300 and, in more aggressive scenarios, up to $600, while citing support near $249–$250 and potential downside to $200–$220 if the breakout fails.
- CoinJournal linked the latest jump to a reported US–Iran ceasefire and renewed interest in Zcash, noting Foundry’s plan to mine the coin and a $25 million ecosystem fund, and flagged odds of a short squeeze toward $500.