Zcash Breaks Through Resistance at $512

Zcash has broken through its resistance at $512 and is now trading near $525. This move above the resistance level shifts the structure in favor of buyers.

The daily RSI (Relative Strength Index) has recovered above neutral, indicating a strengthening momentum for ZEC. However, the 50-day SMA remains below the 100-day average, which could impact the underlying trend indicators.

The next obstacle is around $550, where buyers repeatedly struggled to hold ground in July. A move into this area would fit comfortably within ZEC's recent volatility, but previous price action shows sellers were willing to step in around the same zone.