Zcash Price Prediction: Bulls Eye $300 Breakout After Momentum Shift
Zcash (ZEC) has displayed a clear shift in market sentiment on the daily chart, with bullish momentum strengthening as the price builds above the short-term exponential moving averages (EMAs).
The upward progression of the 9-day EMA over the 20-day EMA shows growing confidence among traders, suggesting that the asset may be transitioning from consolidation into a sustained uptrend.
Despite recent volatility, ZEC’s steady climb from the $240 region to near $300 reflects improving market structure. The gap between short-term and long-term EMAs continues to widen, signaling strengthening momentum and potentially opening the door for further gains if resistance barriers give way.
Zcash RSI Shows Increasing Buying Pressure
Momentum indicators back up the bullish narrative.
The Relative Strength Index (RSI) has climbed above the neutral 50 mark and now approaches the overbought zone near 70, indicating strong buying pressure. While this shows solid interest from bulls, it also raises the potential for a short-term cooldown if traders begin taking profits near major resistance zones.
Daily chart for ZEC/USD (Source: GeckoTerminal)
The key takeaway is that sentiment remains positive as long as the RSI sustains its current trajectory without sharp reversals — a sign that the current move is driven by genuine buying strength rather than speculation.
MACD Suggests Bullish Continuation
The Moving Average Convergence Divergence (MACD) is hovering just below its signal line but trending upward, reflecting easing bearish momentum.
The histogram’s contraction toward neutral territory suggests that selling pressure is fading, and a bullish crossover could confirm renewed upside strength. This scenario aligns with ZEC’s current EMA positioning and growing RSI strength — both consistent with the early stages of a breakout continuation.
Order Book Signals: Ask Walls Loom but Bulls Hold the Line
Regarding the order book, Zcash’s bid walls are providing notable structural support.
Strong buying interest is visible at $292.93 and $297.50, where over $130,000 in combined bids could stabilize the price during intraday dips.
Another significant bid wall at $280 could act as a fail-safe level for bulls — losing it could trigger a sharper correction toward deeper support near $205.
Conversely, ask walls between $300 and $315 remain the major obstacle to higher highs. Clearing the $300 ask wall (≈2,330 units) could push the Zcash price toward $310, while a decisive move through the larger $315 wall (≈4,985 units) may open the path to a 5–6% rally and test the next resistance region.
The clustering of sell orders in this range means any breakout will likely require a significant increase in volume.
Potential Scenarios and Trade Outlook
If bullish momentum continues and the $300–$315 zone is breached, Zcash could extend its rally toward higher resistance levels. Long positions may find entry opportunities on pullbacks toward the 9-day EMA, with potential exits around the upper ask walls.
For short traders, a failure to clear $300 or a rejection from the $310–$315 zone could offer short-term reversal setups, especially if volume wanes and RSI begins to cool off.
The next meaningful support lies around $280, and deeper losses could retest the $205 region — a major structural support that previously served as the base of accumulation.
Outlook
Overall, Zcash is showing strong technical momentum supported by bullish EMA alignment, an improving MACD, and persistent buying pressure in the order book.
However, the heavy concentration of sell orders near $300–$315 means bulls will need sustained volume to overcome this liquidity barrier. If that happens, the trend could shift decisively upward in the coming sessions.
Disclaimer: The information presented in this article is for informational and educational purposes only. It does not constitute financial advice. Ecoinimist is not responsible for any losses incurred. Readers should exercise caution before acting on this content.
