Arthur Hayes Names Zcash His Second Largest Holding After Bitcoin
- Strengthened Privacy Investment Belief: Arthur Hayes has publicly stated that Zcash is now his second-largest crypto holding after Bitcoin, reflecting his strong conviction that financial privacy is shifting from a niche concern to a mainstream investment thesis.
- Rising Demand for Privacy: As governments and tech companies enhance their monitoring capabilities, Hayes argues that the demand for truly private transactions will only grow, particularly as more countries roll out central bank digital currencies, making financial privacy an increasingly pressing issue.
- Zcash Price Prediction: Hayes has set a bullish price target for Zcash between $10,000 and $20,000 per coin, anticipating a ZEC/BTC pair price of 0.2, indicating his strong optimism about the asset's future performance.
- Significant Market Rally: Zcash has surged from $137 to over $730 in the past month, representing a more than 400% increase, while other privacy coins like Dash and Decred have also shown strong gains, indicating that rising public concern over government surveillance and data control is driving the resurgence of privacy coins.
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Technical Analysis for ZK
Technical Sentiment Analysis for ZKsync (ZK). As of , ZKsync (ZK) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ZK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, ZK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
ZKsync (ZK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0124 | 0.0132 | 0.0141 | 0.015 | 0.0158 | 0.0167 | 0.0176 |
| Fibonacci | 0.0132 | 0.0139 | 0.0143 | 0.015 | 0.0156 | 0.016 | 0.0167 |
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