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Zcash surged 18.07% to $422.76 in the past 24 hours, significantly outperforming the broader crypto market's 2.19% gain. The rally appears to be driven by a relief rebound following last week's sharp sell-off and growing confidence in the network's proposed recovery plan. Key driver: Investor sentiment improved after developers proposed the Ironwood upgrade, which aims to restore independent verification of ZEC's total supply following the disclosure of a critical vulnerability. The market is increasingly viewing the issue as contained, reducing fears of long-term damage. The rebound was amplified by heavily oversold conditions after ZEC lost more than 40% in a matter of days. At the same time, capital has been rotating into higher-risk altcoins, providing additional momentum for the recovery. From a technical perspective, the key support zone sits around $400–$415. Holding above this area could pave the way for a retest of the recent high near $438, while a breakout may open the door to the $465–$500 range. Conversely, a break below $400 could trigger a pullback toward the $361 support level. Overall, the short-term outlook is cautiously bullish. The recovery is supported by both improving fundamentals and favorable market positioning, but confirmation will depend on ZEC's ability to hold support and sustain buying volume in the coming days.