Zcash (ZEC) is currently priced at $362.40, experiencing a significant 24-hour change of +10.33%, suggesting a strong bullish momentum after recent volatility. The daily trading range of 72.27% indicates heightened investor activity, with a notable volume of $1,675,026,906, representing 27.97% of the market cap.

The short-term moving averages are trending positively, with the 8 SMA at $338.20 (+7.16%) and the 13 SMA at $335.60 (+7.99%). However, the longer-term averages, particularly the 144 SMA at $408.07 (-11.19%), indicate resistance above current levels, highlighting potential selling pressure as ZEC approaches this historical resistance.

The 1-hour RSI is elevated at 77, suggesting overbought conditions, which may lead to a price correction in the short term. Conversely, the 7-day RSI at 41 indicates that ZEC is nearing oversold territory over a longer timeframe, which may attract buyers if the price stabilizes.

Despite the recent price surge, ZEC has shown negative performance over the past week (-29.90%), two weeks (-42.80%), and month (-12.02%). The significant decline in the 14-day price change illustrates underlying bearish sentiment that could limit upside potential in the near term.

Given the proximity of the price to the upper resistance levels and the overbought condition indicated by the short-term RSI, it would be prudent to adopt a cautious stance. Overall, while there may be short-term opportunities for profit, the longer-term trends and historical resistance suggest that maintaining a Hold rating is appropriate at this juncture to evaluate further market developments.