Zcash Stands Firm on Trendline Support

Zcash (ZEC) is holding onto its key trendline support near $480 after pulling back from recent highs, testing this long-term ascending trendline.

This pivotal technical level has been a crucial point of interest for ZEC bulls and bears alike. While the broader uptrend remains intact, it's essential to watch whether buyers can defend this support as bullish momentum weakens.

A successful rebound could pave the way for another attempt at the $550 resistance zone, but a breakdown may expose ZEC to a deeper correction toward lower support levels around $340-$350.