If you want to invest in or buy the Zcash token and wonder what the right price to start accumulating Zcash is, then you are in the right place. As we go through the analysis, we will determine different patterns and how Zcash reacts to them. We will also see support and resistance, which is a good area for any instrument to buy or sell. Without any further delay, let’s dive into Zcash price analysis and explore different opportunities arising from it.
Zcash Price Analysis of May 10, 2025
The Zcash token began the trading day by establishing a support zone near the day’s low, reflecting buyer interest at lower levels. After stabilizing, the ZEC price formed a tight range that broke to the upside, supported by a golden crossover of the MACD. This breakout triggered upward momentum and signaled renewed buying interest. However, as price action advanced, volatility increased. An expanding triangle pattern appeared, hinting at a tug-of-war between bulls and bears. Although RSI crossed into overbought territory, buyers maintained control through the session, keeping the overall trend intact and setting up Zcash for further potential gains.
The Zcash price marked the low for the day at $40.99, forming a solid support area at the $41.00 level. Following the establishment of support, a range developed in the price action. This range broke out to the upside at 10:35 UTC, supported by a golden crossover of the MACD. The breakout triggered a sharp upward spike, signaling renewed buying interest and bullish momentum.
Chart 1: ZEC/USDT M5 Chart, Analysed by vallijat007, published on TradingView, May 10, 2025
After the breakout, Zcash formed a downward-moving expanding triangle, a structure that often reflects increased volatility and a battle between bulls and bears. Interestingly, prior to the breakout, at 07:45 UTC, RSI had already moved above the 70 level, indicating overbought market conditions and suggesting the likelihood of a pullback or temporary reversal. Despite this signal, buyers maintained control.
ZEC’s Next Move: Breakdown to 41 or Rally to 45?
Finally, the expanding triangle burst out to the upside at 22:10 UTC once more, backed up with a golden crossover of the MACD. This breakout produced the next bullish surge, and the ZEC price increased to top the day’s high at $43.89. At 00:25 UTC on 10 May 2025, RSI again crossed above level 70, which again amounted to the condition of increasing overboughtness. As is usual, a pullback followed soon after, and the price opened lower at $42.35, where it set up a fresh short-term support area.
Today, the $42.35 level is playing the role of a key decision point. If this support area collapses to the downside, it might be possible for the Zcash price to revisit the $41.00 level, which had previously been a strong support and was also the session’s low. In contrast, if the $42.35 level maintains its integrity and buyers return with momentum, Zcash is likely to continue its up move and advance to the $45.00 level.
The combination of repeated overbought RSI readings and multiple MACD golden crossovers shows both bullish strength and potential exhaustion. Traders should monitor momentum indicators and volume closely. A confirmed breakout or breakdown from the $42.35 area will likely set the tone for Zcash’s next directional move. Until then, the market may remain reactive and range-bound within these key levels.
ZEC Price Tests Make-or-Break Support: 42.35 Hold or 41 Collapse?
The Zcash price now trades near a key short-term support level. If the $42.35 zone holds, the price could resume its climb toward the $45.00 resistance area. A bullish breakout from this level would reinforce trend continuation. However, if the support breaks, Zcash may revisit the $41.00 range. Multiple MACD golden crossovers and RSI overbought signals show momentum but also warn of exhaustion. For now, Zcash remains in a reactionary phase. Traders should wait for a confirmed move beyond the current support or resistance before initiating new positions. Directional clarity is likely once the market chooses a breakout path.
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