Zcash Jumps 19.4%, But Can It Maintain Momentum?

Zcash (ZEC) has seen its price surge by 19.4% in recent days, reaching $1,009.82 and pushing above the crucial $950 level.

The token's trading volume has reached $1.265 billion, indicating strong buying pressure.

With Zcash entering an expansion phase, sustained buying pressure is likely to drive further upside, potentially leading to a new high without retesting key technical structures.

However, the price is currently in overbought territory, with the daily Relative Strength Index (RSI) reading at 76.11.