- ZEC trades at $667.08 after a 29.1% daily increase, moving near the $700–$750 upper price zone.
- The asset recorded a wide 24-hour range from $483.51 to $743.00, showing elevated intraday volatility.
- Key levels include support at $518.25 and resistance at $720.99, which shape the market’s immediate focus.
Zcash has registered a steep daily gain with the market following a sudden spike that boosted the asset up to the high side of its recent range. Its price increased to $667.08 that is 29.1 percent in 24 hours. This short run also brought the market near to the $700 to $750 level which was the top of the recent swing according to many traders.
This was preceded by the volatility surrounding the asset with intraday variation of $259.51 to $743.00. This development retained the focus on the next move in the market as the current perception implied that there would be a possible re-retreat on the market to the 200 zone. The existing figures thus predetermined the following sessions as the participants persisted in pursuing every price movement.
Rapid Move Toward Upper Resistance Zone
ZEC approached its key resistance at $720.99, and this placed the market close to the upper boundary of the day’s trading. This movement created a tight connection between the surge and the broader discussion about the top structure near $700 to $750.
Notably, the 24-hour trading range marked one of the widest in recent periods. This wide stretch highlighted the pressure that emerged around the resistance band. The strong move also directed attention back to the support at $518.25, which sat well below current price levels. This reference point helped frame the wider structure and guided the next steps for traders watching for possible shifts.
Market Tracks Sharp Volatility and Key Data Points
The recent increase arrived together with notable volume figures. The 24-hour ZEC volume stood at 1.42 million, while the USDT side recorded 819.12 million in the same period. These numbers illustrated heightened activity across the trading session. However, the volatility also kept the market alert to any sharp reversals, especially since the day included a move of more than $250 from low to high. The combination of these figures formed the backdrop for the ongoing conversation about future direction. This setup then prepared the next segment of the market’s focus.
Attention Turns to Wider Market Expectations
The discussion around a potential decline toward the $200 zone gained traction as traders compared the current structure with earlier cycles. The sharp rise placed ZEC near its expected upper limit, which kept the $700 to $750 area in clear view.
However, the market also kept the $518.25 support level in focus since it remained the closest major reference on the downside. This alignment between price position, range boundaries, and volume data created a continuous narrative for observers tracking the evolving trend.
