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Zcash extended its recovery toward $580 on Thursday, moving closer to the upper boundary of a long-running price channel after holding its mid-range support earlier this month.
ZEC traded near <a href="https://www.coingecko.com/en/coins/zcash" rel="noopener noreferrer nofollow">$565</a>, up about 1.5% over 24 hours and nearly 24% across seven days. The token moved between roughly $519 and $581 during the latest session, with daily trading volume near $540 million and market capitalization around $9.5 billion.
Crypto analyst Ali Martinez placed the <a href="https://x.com/alicharts/status/2077573179984560534" rel="noopener noreferrer nofollow">next major resistance at $675 to $680</a>, where the ascending channel’s upper boundary intersects the current trend. The level represents a possible technical target if buying momentum continues, not a confirmed price forecast.
<figure class="wp-caption aligncenter"><img src="https://cryptoadventure.com/wp-content/uploads/2026/07/Screenshot-2026-07-16-at-07.17.49.png" alt="zcash price analysis" width="1152" height="716">
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 Source: @alicharts via X
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The latest push has already carried ZEC through several resistance areas that capped its June recovery. Buyers reclaimed $475 to $485, moved above $520 and briefly tested $580 as the token outperformed the broader crypto market.
<h2 id="mid-channel-bounce-produces-35-advance">Mid-Channel Bounce Produces 35% Advance</h2>
The move follows Martinez’s earlier setup showing that ZEC had <a href="https://x.com/alicharts/status/2073633722088493439" rel="noopener noreferrer nofollow">successfully bounced from the channel midpoint</a>. Zcash traded near $419 when that bounce was covered on July 5, placing the latest price roughly 35% above the mid-range support test.
That earlier <a href="https://cryptoadventure.com/zcash-price-analysis-zec-bounces-from-mid-range-as-680-target-returns/" rel="noopener noreferrer nofollow">Zcash price analysis</a> identified $680 as the upper-channel objective while treating the midpoint as the level separating continuation from a deeper breakdown. ZEC remained above that support through the following pullbacks before accelerating above $500.
The $580 to $600 area now sits between spot price and Martinez’s channel target. ZEC reached a 24-hour high above $580 but had not established a sustained break through that zone during the latest market check.
A move to $675 would represent an advance of about 19% from $565. The target also sits immediately below the <a href="https://cryptoadventure.com/zcash-rally-faces-700-test-as-zec-returns-to-major-rejection-zone/" rel="noopener noreferrer nofollow">$700 to $730 rejection band</a> that stopped ZEC’s May rally and triggered heavy profit-taking.
<h2 id="ironwood-activation-supports-recovery-trade">Ironwood Activation Supports Recovery Trade</h2>
ZEC’s price recovery has tracked preparations for Ironwood, the network upgrade designed to introduce a new shielded pool and restore independently verifiable supply controls after the <a href="https://cryptoadventure.com/zcash-restores-orchard-after-critical-shielded-pool-vulnerability/" rel="noopener noreferrer nofollow">Orchard vulnerability</a> disclosed in June.
The Zcash Foundation’s <a href="https://forum.zcashcommunity.com/t/zebra-6-0-0-release/56607" rel="noopener noreferrer nofollow">Zebra 6.0.0 release</a> added stable mainnet support for Ironwood and set activation at block height 3,428,143. The upgrade is expected to activate around 13:00 UTC on July 28, provided miners, exchanges, wallets and node operators complete their software updates.
The post <a href="https://cryptoadventure.com/zcash-extends-rally-as-680-channel-target-returns/" rel="noopener noreferrer nofollow">Zcash Extends Rally as $680 Channel Target Returns</a> appeared first on <a href="https://cryptoadventure.com" rel="noopener noreferrer nofollow">Crypto Adventure</a>.

Zcash Extends Rally as $680 Channel Target Returns

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