Zcash Fails to Break Through Key Resistance at $512

On August 6th, Zcash (ZEC) tested its main resistance level of $512 after closing the previous day at $511.

The price briefly reached $515 before returning to around $510, leaving the breakout unresolved and shifting attention to the daily close.

A clear break above $512 would be a significant milestone for Zcash, as it would also break both the Fibonacci retracement and the ceiling that blocked the previous recovery attempt in July.