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- Ali Charts highlights Zcash resistance battle as buyers defend strong upward momentum.
- ZEC holds above major support while traders monitor possible breakout continuation closely.
- Market analysts watch $698 level as Zcash rally approaches decisive technical moment.
According to Ali Martinez, the crypto analyst, Zcash is in a critical moment as the token is approaching a significant resistance point around the $698 mark. Buyers are needing to show better momentum to validate an above the critical zone breakout, per Ali Charts. In the current trading session, ZEC was trading around $670 with an overall bull market trend.
Zcash bounced back from its near $192 lows in March as buyers gradually regained control and formed a steady series of higher lows. Furthermore, the ZEC managed to break through the $367 resistance level in April, thus propelling the market momentum. Expanding the range of potential buyers who can “step in hard enough” to push it above $698.78 is the next step, Ali Charts said. His analysis indicated that prices must continue to move but volume and participation with buyers must also ramp up.
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Buyers Defend Momentum Near Key Resistance
The $698 area is still significant as a previous rejection area in late 2025. Based on chart structure, there is no aggressive selling pressure near the resistance yet, for ZEC. The token has instead been continuing to rake in gains around recent highs and with that upward trend. That’s usually an indication that someone’s still biting even when someone’s pushing.
Apart from that, analysts said that the current design is not similar to the previous failed recoveries as ZEC had provided good support during the consolidation period. The $367 price point has become a significant support level for the current trend seen by many traders. Once buyers manage to drive ZEC above $698, it may be a breakout trader’s market, giving momentum another boost. But if there is another rejection near the resistance, a short-term correction down to lower support zones of $600 or $500 will occur.
Zcash holds steady near a key technical support level in months, trying to break the current rally. ZEC seems to be battling with the $698 resistance zone and Ali Charts indicates that the market strength at this resistance zone will play a significant role in deciding if ZEC will have another bull run or if it will experience additional selling pressure.
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