Zcash’s Bullish Precision: Technical Breakout Validates Setup

Zcash (ZEC), the privacy-focused altcoin known for its zk-SNARKs protocol enabling shielded transactions, has just validated a meticulously drawn chart with a clean breakout.

Crypto trader Tony (@CryptoTony__) shared an update on X, highlighting how his previous 4-hour chart analysis for ZEC/USDT played out flawlessly, rewarding early entrants with substantial gains. The chart, a perpetual futures view on TradingView, paints a compelling picture of emerging bullish structure. At its core is a clear trendline entry point, drawn from the psychological support at $38, which acted as a springboard for upward momentum. Price action respected this level, bouncing decisively to test resistance near $45 before accelerating.

Breakout Targets, Invalidation, and What Traders Should Watch

Key annotations reveal deeper wave theory insights: a “PSW in Base B” (Pivot Swing Wave) marks the foundational low, transitioning into an “AR” (Accumulation Range) that consolidated gains. From there, a “ST” (Support Trendline) held firm, confirming a “BC” (Breakout Confirmation) as candles closed above the $42 pivot. What stands out is the potential “UT” (Uptrend) formation, with a questioning “UTAD?” (Uptrend at Demand) suggesting room for extension toward $50–$55 if volume sustains. The “SOW in Base B” (Start of Wave) indicates the impulsive phase of an Elliott-like pattern, where ZEC has retraced minimally before resuming higher. This isn’t mere noise; it’s a textbook validation of supply-demand dynamics in a market where privacy coins like ZEC often lag majors but explode on catalysts.

ZEC’s resurgence arrives at a pivotal time. As regulatory scrutiny intensifies on traceable blockchains, Zcash’s optional privacy features position it as a Web3 cornerstone for DeFi and NFT applications demanding discretion.

Patience, Precision, and Potential in ZEC’s Path Forward

Recent on-chain metrics show a 15% uptick in shielded transactions, correlating with the price surge. If Bitcoin’s halving echoes continue fueling altseason, ZEC could target $60 by year-end, especially with Electric Coin Company’s ongoing Halving upgrades enhancing efficiency. Traders should watch for invalidation below $40, but the setup screams opportunity. For those who entered on Tony’s call, profits are in hand—now the question is how far this wave carries. In crypto, precision like this reminds us: charts don’t lie, but patience pays.