Zcash (ZEC) surges past $398 resistance, eyeing mid-$400s amid rising speculative demand.

Zcash (ZEC) has broken through the key $398 resistance level, rising nearly 16.8% over the past week and outperforming major cryptocurrencies like Bitcoin and Ethereum. The coin also surpassed Solana in 24-hour perpetual volume on Hyperliquid, indicating increased speculative interest in this privacy-focused asset. Analysts suggest that if ZEC holds above $398, it could test mid-$400 levels, though some caution a potential pullback due to weak on-chain support and declining social media activity. Overall, ZEC's rally shows strong short-term momentum but faces uncertainty about its sustainability.