Zcash (ZEC) Price Prediction: ZEC Tests Critical $490 Resistance as Analysts Target Higher Fibonacci Levels
The post Zcash (ZEC) Price Prediction: ZEC Tests Critical $490 Resistance as Analysts Target Higher Fibonacci Levels appeared on BitcoinEthereumNews.com. While several market analysts see room for additional upside if the Zcash price clears key Fibonacci resistance, others remain cautious, arguing that the recent rally has yet to invalidate broader bearish patterns. The divergence in market views comes as Zcash reaches a notable network milestone, with 80% of its total supply now mined, reinforcing discussions around scarcity and the project’s long-term sustainability. Zcash price approaches major Fibonacci resistance Crypto analyst CryptDollar highlighted that ZEC is currently testing a confluence of technical resistance levels on the daily chart. These include the 0.786 Fibonacci retracement, the upper Bollinger Band, and horizontal resistance around $490 on the Kraken exchange. ZEC is testing the 0.786 Fibonacci retracement, upper Bollinger Band, and key resistance near $490, with s