Zcash (ZEC) gained 4.95% on March 30, 2026, with trading volume surging by 31.07% to approximately $301.58 million, as technical indicators hinted at a potential bullish shift. The cryptocurrency continued to trade within a symmetrical triangle pattern, facing significant resistance.
Zcash experienced a price increase to $226.58 with strong market participation. The token’s market capitalization grew by 5.94% to $3.76 billion alongside the notable volume rise.
Technical analysis shows ZEC trading within a symmetrical triangle on the 4-hour chart, encountering a heavy confluence of resistance near key Fibonacci and equilibrium levels. Analyst @XRPathologist stated that if bulls can reclaim the $245-250 zone with strong volume, it could open resistance levels at $262, $289, and potentially $300.
Momentum indicators from TradingView data signaled a potential shift. The MACD showed diminishing downward pressure, with its line at -5.07981 approaching the signal line at -4.87564, suggesting a possible bullish crossover.
The Relative Strength Index (RSI) stood at 48.64, indicating neutral momentum but rising from recent lows, implying mild bullish divergence. The market’s current positioning anticipates increased volatility following the developments.
