Zcash Price Jumps 13%, But Can It Sustain Above $1,200?

Zcash has seen another significant price jump, increasing by nearly 13% over the past 24 hours and briefly crossing $1,200.

The rally follows a similar advance on September 3, where ZEC rose approximately 16%. This time around, the cryptocurrency is facing resistance at $1,200-$1,220, with immediate support zones established between $1,025 and $1,000.

A loss of $1,000 would weaken the breakout and potentially return attention to the previous range of $950-$930. The upcoming U.S. CPI reading on September 11 could also impact market sentiment, with a hotter-than-expected reading potentially reducing demand for speculative assets.