Zcash Rallies 15% as Trading Volume Doubles to $1.2 Billion

Zcash, trading under the ticker ZEC, has continued its upward momentum after rebounding from the $750 support level. The token surged 15% over the past 24 hours.

This recent rally followed a rebound from the $750 pennant support several days earlier. The recovery pushed ZEC above all key Exponential Moving Averages on the daily chart, indicating a bullish trend.

Buyers regained control and cleared previous resistance levels, with ZEC testing new highs. However, maintaining elevated volume becomes harder once the initial breakout excitement fades.