#macro resistance

The ZEC technical structure continues to strengthen after breaking above a key macro resistance level that had capped price action for an extended period. Following a successful breakout above a long-standing descending trendline, the asset has continued to hold above key levels that previously served as strong resistance throughout the broader downtrend. The move signals a potential shift in momentum as bullish pressure gradually returns to the chart. How Zcash Momentum Continues Building After Technical Breakout Zcash is showing signs of renewed technical strength after completing a significant compound breakout above both a long-standing descending trendline and the critical $540 macro resistance zone. Technical analyst Ardi mentioned on X that the asset has also closed above the previous lower high near $560 for the first time since the broader shift in market structure. Related Reading: Here’s Why The ZCash (ZEC) Price Rallied Above $500 Again This level now becomes a critical piv