ZCash surges above $448 as bullish momentum holds over key moving averages: weekly outlook

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ZCash advances 11.75% this week

Highlights

ZCash shows strong bullish momentum, trading well above medium and long-term moving averages following an 11.75% weekly gain.
Buying pressure remains dominant, but overbought signals and 23.40% volatility increase the risk of short-term consolidation.
ZEC is expected to trade between $359 and $538 over the next week, with a 75% probability of further upside.

Tachyon protocol upgrade and record shielded usage drive adoption this week

The recent Tachyon protocol upgrade for ZCash is a key development, aiming to enhance the scalability of shielded payments and prepare the network for quantum computing resilience. The upgrade also explores the sustainability of the project’s funding, security, and governance models. In addition, fully shielded ZEC usage has reached an all-time high, with over 30% of the total coin supply now shielded, reflecting increased adoption within the ZCash ecosystem.

Support, resistance, and indicators highlight consolidation despite strong momentum

Weekly technicals confirm the bullish outlook, with ZEC trading above all major weekly moving averages: MA-20 at $387.75, MA-50 at $325.60, and MA-200 at $108.26. Support is seen at MA-20 ($387.75), while resistance is set by the week’s upper range near $538. Weekly RSI is in buy territory at 53.81, and momentum is further confirmed by a strong MACD (Strong Buy) and healthy ADX (Buy, 27.50) reading. However, neutral signals from Stochastic RSI and CCI, along with an overbought Bull/Bear Power indicator, suggest some short-term caution as the asset consolidates recent gains.

Sideways-to-upward bias expected amid bullish signals and high volatility

Over the next 7 days, ZEC is expected to consolidate within the $359 to $538 range, shaped by strong weekly bullish indicators and elevated volatility. There is a roughly 75% probability for further upside, as 3 out of 4 primary signals remain positive. Baseline expectations favor sideways-to-upward movement, though a break above $538 could spark additional buying. If ZEC falls below $359, the risk of a corrective pullback rises, but such a scenario appears less probable given current momentum.

Anton Kharitonov, analyst at Traders Union, notes that ZCash continued to outperform this week. Bullish momentum remains clear, with ZEC solidly above all major weekly moving averages. Despite the positive impact from the Tachyon protocol upgrade and all-time highs in shielded usage, he highlights that volatility surged to 23.40%, and overbought technical signals are emerging. Weekly indicators remain mostly positive, but neutral readings on Stochastic RSI and CCI signal increased caution. Kharitonov believes ZEC can stay within the $359 to $538 range in the coming week, with bullish bias unless support breaks. "Until ZEC falls below $359, my base case is defensive sideways-to-up — caution is still warranted after such rapid gains."

Previously it was reported that Zcash developers were considering a potential delay to the Ironwood upgrade as ecosystem participants continued their migration to the new Z3 software stack. Building on this, the latest technical momentum and increased adoption reflected in fully shielded ZEC usage suggest traders should closely monitor the $538 resistance area, as a breakout could trigger a significant upside acceleration.

Source of Data: ZEC Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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