Zcash Hits All-Time High: Is the Rally Sustainable?

Zcash (ZEC) has rallied significantly in recent months, with its current price of $795.03 representing an 8.5% increase from its highest daily close over the past year, which was $732.86 on August 22nd.

The coin's market capitalization has also surged to $13.38 billion, making it the 11th largest crypto asset by market cap.

But is Zcash a good buy at current prices? To answer this question, we'll take a closer look at the coin's trend structure and technical indicators.