{"id":9283,"date":"2026-05-21T13:27:54","date_gmt":"2026-05-21T13:27:54","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=9283"},"modified":"2026-05-21T13:27:54","modified_gmt":"2026-05-21T13:27:54","slug":"zcash-approaches-700-as-buying-pressure-builds","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=9283","title":{"rendered":"Zcash approaches $700 as buying pressure builds"},"content":{"rendered":"

<\/p>\n

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\n
\n\"ZCASH\n<\/picture> <\/div>\n<\/p><\/div>\n

Key takeaways<\/span><\/p>\n

    \n
  • ZEC is up 12% in the last 24 hours, making it the second-best performer in the top 10.<\/span><\/li>\n
  • The coin could rally past the $700 mark in the near term.\u00a0<\/span><\/li>\n<\/ul>\n

    ZEC rallies as broader crypto market underperforms<\/h2>\n

    ZEC, the native coin of the Zcash ecosystem, is up 12% in the last 24 hours, making it the second-best performer among the top 20 cryptocurrencies by market cap.<\/span><\/p>\n

    The rally allowed ZEC to hit the $692 mark earlier today, adding 26% to its market cap so far this week.<\/span><\/p>\n

    ZEC\u2019s rally over the past few days comes as regulatory clarity for ZCash has improved following the U.S. Securities and Exchange Commission\u2019s announcement closing its investigation into the Zcash Foundation.\u00a0<\/span><\/p>\n

    The Zcash Foundation also reported holding approximately $36.7 million in liquid assets, mostly in ZEC, according to its Q1 update. Core technical development continues on the Zcash protocol despite organizational changes at the Electric Coin Company.<\/span><\/p>\n

    Zcash technical outlook: ZEC targets higher resistance levels above $700<\/h2>\n

    The ZEC\/USD 4-hour chart is extremely bullish as Zcash has only been outperformed by Hyperliquid over the last seven days.\u00a0<\/span><\/p>\n

    At press time, ZEC is trading at $655 after hitting the $692 level. The momentum indicators are extremely bullish, suggesting that the buyers are in full control.\u00a0<\/span><\/p>\n

    The RSI of 70 means that ZEC is now in the overbought region. The coin could undergo a correction, but the current momentum remains bullish. The MACD lines are also within the overbought territory.<\/span><\/p>\n

    If the rally continues, ZEC could extend its gains past $700 and hit the $745 resistance level for the first time since November. An extended rally would allow ZEC to target the $800 psychological level.<\/span><\/p>\n

    \"ZEC\/USD<\/p>\n

    However, if the market undergoes a correction, ZEC could retest the $580 low created on Wednesday.\u00a0<\/span><\/p>\n

    Failure to defend this support level could expose ZEC to lower demand zones around $485.<\/span><\/p>\n

    \n
    \n
    Share this article<\/h6>\n
    \n
    Categories<\/h6>\n
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    Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n

    Analysis,Zcash News#Zcash #approaches #buying #pressure #builds1779370074<\/p>\n","protected":false},"excerpt":{"rendered":"

    Key takeaways ZEC is up 12% in the last 24 hours, making it the second-best performer in the top 10. The coin could rally past the $700 mark in the near term.\u00a0 ZEC rallies as broader crypto market underperforms ZEC, the native coin of the Zcash ecosystem, is up 12% in the last 24 hours,<\/p>\n","protected":false},"author":1,"featured_media":9284,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-9283","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eurozone"],"yoast_head":"\nZcash approaches $700 as buying pressure builds - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"ZEC is approaching the $700 psychological level after adding 12% to its value since Wednesday as buying pressure increases.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=9283\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zcash approaches $700 as buying pressure builds\" \/>\n<meta property=\"og:description\" content=\"ZEC is approaching the $700 psychological level after adding 12% to its value since Wednesday as buying pressure increases.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=9283\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-21T13:27:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/05\/ChatGPT-Image-May-21-2026-12_32_29-PM.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1402\" \/>\n\t<meta property=\"og:image:height\" content=\"1122\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=9283\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=9283\",\"name\":\"Zcash approaches $700 as buying pressure builds - 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