Zcash Price Rally Faces Uncertainty as Analysts Weigh In

Zcash (ZEC) has been one of the top performers in the cryptocurrency market in recent days, with a price gain of 4.89% over the past day and 14.43% over the past week.

The token's price has now cleared key resistance at $398, which some analysts believe could be an important milestone for the rally.

According to crypto data, ZEC has outpaced both Bitcoin and Ethereum in terms of price gains over the past week, placing it among the strongest performers in the top 100 cryptocurrencies.

However, not all analysts are bullish on the token's prospects. Joao Wedson, founder and CEO of Alphractal, has warned that ZEC may lack strong on-chain support, which could make a rally harder to sustain if price rises without wider market participation.