Zcash Price Update: 3 Reasons Why $520 Could Be The Next Target

3 weeks ago 19

Key Takeaways

ZEC is now climbing inside a rising channel.
Zcash climbed to fifth among privacy projects by development activity with a 23.2 notable GitHub score, per Santiment.
The Ironwood upgrade (NU6.3) activates at block height 3,428,143, expected around July 28.

The ZEC daily chart, shared by the owner of Coindoo, has delivered the three-step structure traders wait through: a breakout above the 50-day SMA at $476, a successful retest of the average as support, and confirmation with continuation. Price is now advancing inside a rising channel from the sub-$380 June base, and the intraday gain keeps the sequence intact without the vertical extension that typically invites a pullback.

zcash:native is showing exactly what bulls wanted to see.🚀

1. Breakout above the 50 SMA✅
2. Successful retest as support✅
3. Confirmation of the move✅

Price is now climbing inside a rising channel, with the next resistance sitting at the Fibonacci level around $520.🚀… pic.twitter.com/TL7rV2ZIbK

— Fi...

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