ZEC/USD — Zcash Tests 3-Year Highs, Bulls Target $218–$295ZECUSDT Perpetual ContractBYBIT:ZECUSDT.PJohn_IsigeZEC/USD continues its strong rally, reaching a three-year high at $186. Over the past 30 days, Zcash has gained more than 240%, supported by rising trading volume and renewed demand for privacy coins. Bulls are now attempting to secure a weekly close above $158, which would confirm continuation of the bullish trend. ⸻ Technical Analysis Zcash trades within a broad ascending channel. After consolidating above $158, the next upside targets are aligned with major resistance zones: •$218 — March 2022 swing high; first strong resistance area. •$295 — November 2021 high; potential medium-term target. •$371 — all-time high from May 2021; long-term bullish objective. If bulls manage to maintain control, momentum could accelerate toward $295–$371 in the coming weeks. On the downside, a close below $158 would weaken the structure and expose $122 (weekly low) and $78 (December 2024 high) as next support zones. ⸻ Indicator Setup •Bollinger Bands expanding upward — signaling strong volatility. •MACD remains positive, confirming bullish momentum. •RSI above 70, suggesting potential overbought conditions but no reversal signal yet. ⸻ Trading Scenarios Bullish scenario: Long positions may be considered above $158, targeting $218, $295, and $371, with stop-loss at $142. Bearish scenario: Short positions become valid below $158, targeting $122 and $78, with stop-loss at $170. ⸻ Outlook: ZEC remains in a strong uptrend but is approaching key resistance. A confirmed breakout above $218 could trigger the next leg higher toward $295–$371.