The post ZCash Price Surges 20% as Breakout Eyes on $663, What’s Next for ZEC? appeared first on Coinpedia Fintech News
ZEC price has been moonish this week, checking fresh highs and attracting the crypto crowd with a mind-bending 61.62% gain over just 7 days. Surging adoption, whale acquisitions, and a parade of traders jumping on the bandwagon have fueled the rally for ZCash.
The ZCash market cap rose to $10.1 billion, while volume is at $1.8 billion. This highlights how ZEC is drawing attention from all corners of the crypto world. It is well known that privacy coins have finally got their spotlight, and ZEC is sprinting ahead.
ZEC Price Analysis
Let’s dive into why the ZEC price exploded technically, and where it might be heading next. The breakout above $548.61 was the inflection point that got traders running. This breached ZCash’s 2025 high, igniting $18.8 million in liquidations and confirming that shorts were caught off guard.
Momentum indicators flashed red-hot signals. The RSI-14 raced to 77.07, which is textbook overbought. This means the rally was sharp and fast, and sellers might soon test the bulls’ resolve. The MACD also showed bullish divergence. Momentum remains powerful, but history shows such rapid surges rarely last.
Volume kept pace with price, hitting $1.8 billion, so the breakout had steam. As for price targets, short-term traders snapped up ZCash price on the breakout but face rising risks of a near-term pullback. The next Fibonacci extension puts $663.37 as the 127.2% target, a level where selling could intensify. The daily range from a low of $505.51 to a high of $630.59 points to sharp volatility. That being said, the ZEC price could test resistance at $662 before a correction materializes.
FAQs
ZCash is a privacy-focused cryptocurrency that gives users the choice to shield their transactions while maintaining public blockchain integrity.
ZCash’s market cap measures the total value of all coins, so a higher cap often signals broader adoption and investor confidence during rallies and breakouts.
ZEC price is technically overbought, with RSI at 85 and price well above recent averages. While upside targets remain, traders should watch for price rejections.