Zcash [ZEC] had been challenging the $250 resistance level since the final week of February. It saw a brief breakout to reach $290 on 16 March, but was unable to sustain the move.
The crypto market saw a hike in selling in the second half of February, and this led ZEC to drop below the $250-level once more.
In a post on X, crypto analyst Ali Martinez highlighted a descending triangle pattern that the privacy token has been trading within since October 2025. The most recent breakout past $250 has reached $390 so far. It also represented a breakout from the triangle pattern.
At the time of writing, the higher timeframe price structure was firmly bullish. The weekly chart showed that despite the deep retracement from $750 to $187, the swing structure remained favorable to the buyers.
Moreover, the pullback ended at the 78.6%Fibonacci retracement level, with the price bouncing higher once more.
The CMF was below -0.05 to show heavy capital flow out of the market over this timeframe and the MACD did not signal bullish momentum on the weekly chart either. If the press time rally is sustained, the higher timeframe technical indicators will be forced to shift bullishly.
Traders’ call to action – Buy
Long-term investors and swing traders would have gotten a good sign of the market’s bullish intent from its defense of the $187-level and the subsequent bounce.
The 1-day chart showed that $404 was the swing high to be breached to confirm that the long-term uptrend can continue.
The technical indicators were much more positive on the daily timeframe, and it seemed likely that ZEC bulls would succeed in making new swing highs in the coming days and weeks.
The $750-high can reasonably be targeted, although a market-wide selloff can affect ZEC trends and force a pullback. If such a crash occurs, Zcash would likely be one of the quickest recovering mid-cap altcoins, marking it as an interesting bullish candidate.
Final Summary
- The convincing rally beyond the $250-resistance zone followed weeks of consolidation under this local resistance.
- Higher timeframe market structure was bullish, and the defense of $187 and the subsequent rally confirmed that ZEC would make new local highs.
