Zcash Price Eyes $680 Target as Triangle Pattern Forms

Zcash price has remained steady despite a slight daily decline, indicating that the privacy-focused cryptocurrency may continue its broader upward trend.

Currently, Zcash (ZEC) is trading at $458.63 with a drop of 0.53% in 24 hours and $731.69 million in trading volume.

Crypto analyst Ali Martinez points out that ZEC has bounced from the middle support level of its long-term price channel, suggesting that buyers are defending critical price zones.

According to Martinez's chart analysis, if the current trend sustains, it could lead to pushing the coin to the upper resistance of the channel, with a significant price target near $680.