Is Zcash 'Running Its Own Bull Market?' This 88% ZEC Price Rally Setup Shows
Cointelegraph
Zcash is displaying a bullish cup-and-handle pattern that analysts suggest could trigger an 88% price rally toward $1,091.Summary
Privacy coin Zcash (ZEC) is exhibiting a classic cup-and-handle technical chart pattern, signaling a potential bullish breakout. Analysts project that if the asset clears its current neckline resistance, it could rally approximately 88% to reach $1,091 by mid-year. This upward momentum is supported by the privacy sector's recent outperformance compared to the broader cryptocurrency market, alongside positive catalysts such as institutional interest from Multicoin Capital and a listing on Robinhood. Additionally, bullish sentiment has been bolstered by favorable comments from Arthur Hayes regarding the token's long-term potential.
(Source：Cointelegraph)