Zcash has had a strong month. It is up almost 21% in the past seven days, making it one of the few coins to remain stable while much of the market is struggling. The rise in Zcash price is still riding on the previous breakout and the broader trend also looks solid.
The real question is whether this move can extend beyond $1,010. According to the chart, that could happen, but only if one level eventually collapses.
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Buyers are active, but momentum still needs further boost
The first signal comes from on-balance volume (OBV). This is an indicator that tracks buying and selling pressure by adding volume on green candlesticks and subtracting it on red candlesticks.
OBV has been pushing towards the downtrend line since November 7th and is roughly in line with the ZEC price. Zcash also peaked on the same day and has been trying to regain that territory ever since.
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This is important because both price and OBV are encountering resistance in the same place. If Zcash price appreciation breaks above $748 and OBV breaks above its trend line at the same time, this move will receive substantial volume-backed confirmation.
The second indicator is Chaikin Money Flow (CMF), which tracks whether large wallet funds are flowing in or out. The CMF forms a unique symmetrical triangle.
Every time CMF touched the lower limit, ZEC temporarily declined. Currently, CMF maintains its support and is rising again.
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A clean breakout with CMF above 0.14 would indicate strong inflows coming back from larger holders. This is the same kind of flow that supported Zcash’s previously sustained rally.
If OBV breaks through the trend line and CMF clears 0.14 at the same time, both indicators will eventually align behind the next move.
Zcash price rise requires break above $748
Zcash’s price chart shows the same message. ZEC broke out of the small flag pattern on November 14th, with $688 acting as a small resistance level. But the level that controls everything is $748.
Once the candlestick closes above $748, Zcash price will enter a four-digit trajectory. The first major stop is at $1,010, followed by $1,332 if momentum picks up. These levels are in line with major Fibonacci zones and are in line with ZEC’s 3-month trend, which is up over 250%.
There are still distinct levels of invalidation. A fall below $488 weakens the overall structure and sets the stage for a fall towards $421. If that happens, the rally will stall and the ZEC price will be forced to reconfigure its settings.
For now, there is real potential for Zcash price growth, but the next step depends on one thing. That is a decisive break above $748 backed by new volume. If ZEC clears that line, the path to $1,010 becomes more realistic.
