Zcash Surges Above $1,600 Amid Strong Technical Momentum

Zcash has been one of the stronger-performing major crypto assets in recent weeks, with its price trading above $1,600 after a gain of over 70% in the past 30 days.

The token's technical analysis suggests that the next major resistance lies around $1,560-$1,615, with $1,800 being part of the wider upside range.

RookieXBT, a crypto trader, recently stated on X that ZEC 'looks like' it is heading toward $1,800, reflecting his technical view rather than a confirmed price outcome.

The launch of 21Shares' physically backed Zcash ETP on Euronext Paris and Amsterdam has also contributed to the token's momentum. The product provides European investors with exposure to ZEC without requiring them to hold the token directly.