Zcash Goes Incognito to the Upside: Privacy Coin Patches Together a 5% Pump

On April 7, Zcash ($ZEC) apparently decided that privacy wasn't just for shielding your transaction history from prying eyes—it also apparently shields your price action from the rest of the market. The privacy coin quietly flipped the script with a 5.13% daily spike while the rest of crypto was busy staring at its own reflection, wondering why everything else was flat.

At press time, ZEC was chilling around $269.66 with a market cap of $4.48 billion and daily trading volume loitering near $459.31 million, according to CoinMarketCap. Not exactly throwing a party, but respectable enough to get chart watchers to lift their heads from their phone screens.

Zcash is currently showing signs of a potential two-level breakout. The price is now poking into the red supply zone around $270 after finally breaking above the descending trendline that's been raining on the parade since January. If it manages to close strongly above this area, that would confirm a double breakout—both horizontal resistance and the trendline cleared in one smooth move—making this level particularly tempting for those who live for clean chart patterns.

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