Zcash (ZEC) rallied above the critical $380 resistance level during the May 2, trading session, reaching approximately $382.10 on the 4-hour chart.
The prior consolidation formed a base after repeated higher lows, suggesting accumulation and momentum shift toward buyers as the short-term structure turns increasingly bullish overall outlook.
After the mid-April decline, ZEC formed higher swing lows between $320 and $335 before regaining bullish momentum.
A strong impulse candle confirmed breakout participation, while consolidation above former resistance signaled a possible support flip and increased continuation potential toward higher Fibonacci extension levels.
According to the crypto analyst, Crypto Tony, the current structure aligns with a bullish continuation scenario as price holds above the breakout zone near $380.
If momentum sustains, the projected move targets the $420–$450 region as indicated by the chart arrow. Failure to hold support below $360 may invalidate the bullish outlook and trigger retracement pressure in the short term.e
Also Read: ZEC Breaks Out of Consolidation: Is a Massive Bull Run Toward $600 Coming?
Momentum Indicators Show Strength but Early Cooling Signs
Technical indicators show bullish conditions, though momentum is beginning to moderate. The RSI reading is 65.00, and the signal is around 59.07. This implies further buying pressure on prices while approaching overbought territory.
The steep gradient indicates a rise in buying pressure, but the minor retracement indicates slight consolidation. In case RSI remains above 60, the direction of the trend appears bound for continuity, and below 50 implies weakening momentum.
The value of the MACD is 0.88147, while the MACD line value is 18.99756, and the signal line value is 18.11610, indicating that the bullish gap is becoming smaller. The bars of the histogram are small, meaning that the power of the upward movement is declining.
Zebra 4.4.0 Upgrade Strengthens Network Security Outlook
Alongside market movement, the new version of Zebra, which is 4.4.0, includes many important patches to fix the vulnerabilities present in the protocol.
There are some consensus-vital vulnerabilities in particular that can compromise the network, which makes this update necessary.
Zebra 4.4.0 is recommended for all node operators, and they must upgrade immediately to safeguard security, protect themselves from any vulnerabilities, and maintain the sanctity of the consensus. With this increase in security assurance, it is expected that the price of ZEC will increase.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: Zcash Holds Strong Above $320 Support: Can ZEC Rally to $400 Next?
