Zcash (ZEC) Price Jumps 13% on Fee Overhaul News – Can This Momentum Carry It to Four Figures?

Zcash (ZEC) is waking up again. The ZEC price pushed up 13% in the past day, and trading volume almost doubled after the Zcash team introduced a new idea to make fees cheaper and more flexible. 

That single update was enough to bring fresh attention back to ZEC after a long stretch of weakness. Now the big question is whether this move is the start of something larger.

The rally began right after Zcash revealed a dynamic fee model aimed at keeping transactions cheap and steady, even during busy periods. 

This is something the network has needed for a long time, and the market reacted instantly. Coin Bureau noted that ZEC climbed more than 12%, with trading volume jumping almost 100% in just 24 hours. 

What the Zcash Chart Is Showing Right Now

Investor Jordan pointed out that the ZEC price bounced cleanly from the 0.618 Fibonacci level, which is often treated as a major spot where trends can turn around. This zone acted like a floor during the latest drop, and the price pushed up from it with strong momentum. 

The structure on the chart now shows ZEC trying to hold above the mid-range levels it just reclaimed. If it can stay steady here, the next big challenge sits around the $480 to $500 zone. Clearing that area would give ZEC room to push further if buyers stay active.

Source: X/InvestorJordan

Can ZEC Price Really Reach Four Figures?

Jordan thinks it’s possible. His view is that ZEC has been massively undervalued for years, especially given the tech behind it and the limited supply. 

With the network improving fees and making the system easier to use, he believes the ZEC price could climb much higher once the broader market turns more optimistic. 

Moreover, a four-digit price won’t happen right away, but if network usage grows and the crypto market recovers at the same time, the setup becomes more realistic than people expect.

Read Also: Why Kaspa (KAS) Could Be a Superior Tokenization Platform Compared to Ethereum

ZEC Price Short-Term Outlook

For now, ZEC needs to keep holding the levels it just reclaimed. That recent bounce gives it a solid base, but any drop back into that “buy zone” would slow things down. 

The latest move shows that the Zcash price still has the ability to move fast when the right news hits. If development keeps going in this direction and traders stick with it, ZEC could become one of the surprise performers of the next recovery phase.

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Boluwatife Afe
Boluwatife Afe

Boluwatife is a dedicated content strategist specializing in the crypto industry and is passionate about blockchain technology and digital currencies. With a keen eye for emerging trends and a talent for making complex topics accessible, Boluwatife aims to educate and inspire the crypto community through engaging and insightful content.

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