Zcash is tightening its grip on a critical technical zone, with ZEC currently trading around $670 — just shy of the $698.78 resistance level flagged by crypto analyst Ali Martinez (Ali Charts). In a post on X, Ali Charts highlighted that the token's recovery from a March low near $192 has been steady, reclaiming the $367 resistance zone and establishing a series of higher lows. The analyst now watches whether buyers can "step in hard enough" to force a breakout above the psychologically significant $700 mark.
From $192 to $670: Zcash's V-Shaped Recovery
After bottoming near $192 in March, ZEC buyers gradually regained control, pushing the token into a sustained uptrend. The rally strengthened notably once ZEC cleared the $367 resistance level — a barrier that had blocked multiple earlier attempts this year. Since then, the token has printed higher lows even during pullbacks, reflecting persistent buying interest. The current price represents a roughly 250% gain from the March low.
The $698 Barrier: History Meets Psychology
Ali Charts identifies $698.78 as the next major resistance, aligning with a rejection zone from late 2025. The round-number $700 level adds a psychological dimension, often amplifying market reactions. Currently, ZEC is consolidating near recent highs rather than facing an immediate sell-off — a pattern that suggests buyers remain active despite increased selling pressure near resistance.
Breakout or Rejection? Short-Term Outlook
A successful push above $698 could trigger momentum-driven buying, accelerating the rally. Conversely, a failed breakout might lead to a temporary correction toward support near $600 or $500, levels established after previous breakouts. According to Ali Charts, the next move depends entirely on buyer strength around current prices. Zcash stands at a decisive juncture, with trader attention fixed on whether bulls can overcome the $698 hurdle.