Zcash price surged by double digits on Tuesday, continuing a recent rally that started on March 7. ZEC token jumped to a high of $275, its highest level since February 18, and up by 40% from its lowest level this month. Zcash price rebounded after forming a double-bottom The daily timeframe chart shows that the ZEC price has rebounded in the past few days, moving from a low of $195 to the current $275. This rebound happened after the coin formed a double-bottom pattern, a common bullish reversal sign in technical analysis. Its neckline was at $330, its highest swing on February 14. Zcash price has moved above the 50-day Exponential Moving Average (EMA).
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