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The month of Zadkash was strong. It has risen by almost 21% in the last seven days and is one of the few currencies to remain stable while most of the market is struggling. The broader trend also looks strong, with the price of Zcash continuing to rise after breaking through earlier.
The real question now is whether this move can extend towards $1,010 and beyond. The graphics say it can – but only if you finally get through a level.
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Buyers are active, but the drive still needs a stronger push
The first signal comes from balanced trading volume (OBV), an indicator that tracks buying and selling pressure by adding volume to green candles and subtracting it from red candles.
Balanced trading volume (OBV) has been pushed against a trend line since November 7, holding the price of ZdCash to approx. Zdkash also stood up the same day and has been trying to recapture that area ever since.
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This is important because the equilibrium trading price and volume meet at the same point. If the Zcash price action breaks $748 and the balanced trading volume rises above its line together, the movement gains real confirmation supported by the volume.
The second indicator is the Check Money Flow (CMF) indicator, which tracks whether money is coming in or out of large portfolios. The CMF forms its own symmetrical triangle.
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Whenever the cash flow indicator for two checks has touched the lower limit, Zadkach blinked a little. Now, CMF has maintained support and is rising again.
A clean break above 0.14 on the Checkin Money Flow Index would show strong return flows from large holders – the same type of flows that underpinned ZdCash’s previous sustained rallies.
If the OBV breaks its trend line and the CMF crosses 0.14 at the same time, both indicators will finally align with the next direction of movement.
give Zcash price chart Same message. On November 14 ZEC broke out in a small flag pattern, and $688 acts as a small resistance. But the level that controls everything is $748.
Closing a daily candle above $748 puts the Zcash price train on a four-digit trajectory. The first major stop is at $1,010, followed by $1,332 if momentum accelerates. These levels are in line with the key areas of Fibonacci and correspond to the three-month trend of ZEC, where it rose more than 250%.
There is always a clear level of invalidation. A fall below $488 weakens the whole structure and paves the way for a fall towards $421. This will prevent the increase and force the ZEC price to rebuild its position.
Now, Zcash’s price rally has real potential – but its next move depends on one thing: a decisive breakout above $748 supported by new trading volume. If ZEC crosses this line, the path towards $1,010 becomes more realistic.
