Overview
- ZEC surged about 23–25% to highs near $280–$284, breaking a long‑term descending trendline and confirming a wedge breakout.
- Following the spike, the price slipped to roughly $239 and then toward $232 on profit‑taking and broader risk‑off trading across crypto markets.
- Analysts flag $282 as immediate resistance with upside targets around $297, $324 and $344 if momentum rebuilds and levels are reclaimed.
- Key supports are clustered at $250–$254, with $228 cited as risk invalidation and deeper downside projections to $206 and $185 if supports fail.
- Network metrics show hashrate at a record ~16.54 GS/s and shielded supply near 5.15 million ZEC (~31% of circulating supply), while some commentary links the earlier jump to unconfirmed positive regulatory signals in Washington, D.C.