Zcash has formed a cup-and-handle pattern on its three-day chart, a technical structure traders typically read as a bullish reversal signal once the price breaks above the neckline resistance. The cup represents a rounded recovery phase and the handle is a downward-sloping consolidation period that follows, with a decisive breakout above the neckline suggesting buyers have absorbed the previous supply wall and regained control. ZEC is currently in the handle phase, eyeing a breakout above the neckline resistance zone around $625 to $650. If the pattern plays out as intended, the measured upside target lands at approximately $1,091 by June or July, representing a gain of roughly 88% from current prices. That target aligns with ZEC's 1.618 Fibonacci extension drawn from the $745 swing high to the $185 swing low, adding a second technical framework that points to the same level.The bullish technical setup is supported by several fundamental catalysts that have emerged in recent weeks.

BitMEX co-founder Arthur Hayes stated that ZEC's market capitalization could eventually reach 10% of Bitcoin's, implying a price of approximately $9,225 per coin based on current circulating supply, and ZEC's value in Bitcoin terms has grown roughly 20.5% since that comment. Multicoin Capital disclosed Zcash exposure earlier in May, adding an institutional signal to the narrative, while Robinhood listed the token, opening access to a large retail audience. Whether the cup-and-handle target is reached will depend on whether the breakout above neckline resistance holds and whether the broader privacy coin narrative continues to attract capital in the weeks ahead.