What to know:
- Zcash (ZEC) confirms bullish breakout as price flips resistance into support, signaling buyer dominance and trend strength.
- Analysts project ZEC targets of $696 and $774 after breakout above the key $650 resistance level.
- ZEC expands in DeFi as xRHEA integration offers ~4.33% APY backed by rising collateral usage.
Zcash (ZEC) is showing strong bullish momentum after breaking its downtrend and turning resistance into support, with buyers regaining control. Technical signals remain positive with sustained momentum, while growing DeFi adoption highlights increasing utility as a yield-generating asset across decentralized markets.
At the time of writing, ZEC is trading at $668.32 with a 24-hour trading volume of $890.7 million and a market capitalization of $11.15 billion. After the gain of 2.52% over the last 24 hours, the ZEC price could maintain its momentum following strong technicals and network growth.
Source: CoinMarketCap
ZEC Price Breakout Targets $696 and $774 Ahead
According to the crypto analyst Team LAMBO, the ZEC price chart is showing early bullish strength on the H4 timeframe after breaking out of its local downtrend structure.
The ZEC price has successfully retested a previous resistance level, which has now flipped into support, while a recent liquidity sweep below prior lows was quickly reclaimed, suggesting strong buyer interest and potential accumulation building in the market.
Source: Team LAMBO’s X Post
The key level to watch for the ZEC price is $650, as any successful breakout along with a strong closing price will likely lead to further upward moves.
In case bulls remain dominant, the upward move may go up to $696, while the extended one might reach $774. Overall, the ZEC price seems to be heading toward a new bullish wave stage.
ZEC Breakout Structure Points to Strong Bullish Potential
According to TradingView, the ZEC price is currently experiencing a powerful bullish trend and rising all the way to $675.08 with an increase in its value of 7.15%.
The trend appears to be a result of a positive rebound from the lows that it witnessed during the month of March and continues gaining momentum as the month of May progresses.
Source: TradingView
RSI is currently at 66.35, indicating significant buying power without getting to the overbought level. The index had its peak in the middle of May, after which it corrected itself, a positive adjustment without crashing. It marked a positive change for the index by gaining momentum in an upward curve.
Zcash Enters DeFi Growth Phase With Native xRHEA Yield
The data from Rhea Finance further highlighted that Zcash (ZEC), which is now growing in popularity as collateral for xRHEA-powered markets, is earning a reliable 4.33% APY through xRHEA rewards.
Over the last 48 hours, more than 1,450 ZEC have been added as collateral, which indicates an increasing trend in the adoption of privacy-based tokens as yields within RHEA Finance-based DeFi.
Source: Rhea Finance’s X Post
Using the reward multiplier model through the xRHEA platform, the users earn more rewards because of their locked-in involvement, which converts ZEC into an investment that generates yields rather than keeping it idle.
Through the depositing of ZEC via the Zcash blockchain to the website x.rhea.finance, the process of earning becomes easy and straightforward.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: Zcash (ZEC) Price Outlook: Elliott Wave Structure Signals Recovery Toward $700
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