Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
ZEC Breakout Race: Can Zcash Conquer the $470 Barrier?
Zcash (ZEC) is facing a critical juncture as market observers eye the potential for substantial upside movement. With ZEC currently trading near $405 and showing a solid 1.9% daily gain, the spotlight turns to whether the coin can reclaim and decisively break through the $470 resistance level. Such a move would be a game-changer, potentially unleashing a rally toward $650 and delivering a 35% windfall for bulls holding their positions through the breakout.
Technical Setup Speaks Volumes
The 4-hour timeframe reveals a compelling ascending triangle configuration taking shape—a pattern that historically precedes strong bullish continuations. The convergence of the 50-Day Simple Moving Average crossing above its 200-Day counterpart adds credibility to the bullish thesis, while MACD readings continue to flash buy signals. This alignment of technical factors has caught the attention of seasoned analysts and market participants alike, signaling that momentum could accelerate once psychological barriers are cleared.
Institutional Players Making Their Move
What’s particularly noteworthy is the increasing institutional conviction behind Zcash. Major holders have strategically accumulated more ZEC during recent market weakness, bolstering their positions by approximately 2%. This buying pattern among sophisticated participants often precedes notable price appreciation, suggesting that those with deeper market insight are positioning ahead of a potential catalyst.
A Year of Exceptional Performance
The broader context cannot be ignored: ZEC has delivered a staggering 700% return throughout 2025, cementing its status as one of the market’s strongest performers. This track record underscores the coin’s growing relevance and the accumulating confidence of both retail and institutional participants in its long-term prospects. Should the technical setup play out as suggested, ZEC could very well extend this impressive rally into the new period ahead.