ZCash has been challenging the $500 psychological round-number resistance level once again. The privacy token has seen significant gains in recent days, with a 51.5% increase in daily trading volume and an 17.16% increase in Open Interest over the past 24 hours.
Its 24-hour gains measured 7.04%, marking a steady buying pressure that is putting its $500 breakout in focus. This move higher began towards the end of June, when the $370 area was tested as support.
AMBCrypto reported that the ZCash Ironwood pool had been formally verified to rule out undetectable counterfeiting bugs, causing a sharp correction just over a month ago. However, this has led to a proposal for a new auditable Ironwood pool, which may be contributing to the recent uptrend.
On the 1-day chart, the $500-$530 area has been a key horizontal supply/demand zone since December 2025. The price action is bullishly poised on this timeframe, but a daily session close below $299.6 is needed to flip this bias bearishly.