Zcash (ZEC) has broken out from a multi-month descending triangle pattern, surging past the $250 resistance to reach $390. The privacy-focused cryptocurrency had struggled with the $250 level since late February, briefly hitting $290 in mid-March before a broader market selloff pulled it back. Analyst Ali Martinez highlighted the significant technical breakout, while the weekly chart shows a bullish structure despite a deep retracement from $750 to $187, which found support at a key Fibonacci level.
The privacy token Zcash challenged the $250 resistance level since the final week of February. It saw a brief breakout to $290 on March 16 but was unable to sustain the move.
A hike in crypto market selling in the second half of February led ZEC to drop below $250 once more. Crypto analyst Ali Martinez highlighted a descending triangle pattern the token has traded within since October 2025.
The most recent breakout past $250 has reached $390 so far. This move also represented a breakout from the triangle pattern itself.
At the time of writing, the higher timeframe price structure was firmly bullish. The weekly chart showed the swing structure remained favorable to buyers despite a deep retracement from $750 to $187.
Moreover, the pullback ended at the 78.6% Fibonacci retracement level. The price has since bounced higher once more.
The Chaikin Money Flow (CMF) was below -0.05, showing heavy capital outflow on this timeframe. The MACD also did not signal bullish momentum on the weekly chart.
Long-term investors and swing traders got a good sign of bullish intent from its defense of the $187 level. The subsequent bounce confirmed the market’s direction.
The one-day chart showed that $404 was the swing high to be breached. A break above this would confirm the long-term uptrend can continue.
Technical indicators were much more positive on the daily timeframe. It seemed likely ZEC bulls would succeed in making new swing highs in the coming days and weeks.
The $750 high can reasonably be targeted. However, a market-wide selloff could affect ZEC trends and force a pullback.
