Zcash (ZEC) Price Jumps 24% Weekly: Is $616 the Next Target?

Zcash (ZEC) is trading at around $418 after rising 13% in the last 24 hours. Over the past week, the price is up by 24%.

Consequently, the move follows a breakout from a technical setup where price cleared $407, flipping that area into a support zone. The short-term trend remains upward, but traders are watching for signs of pressure near the next resistance levels.