Zcash Price Rallies as Privacy Coin Market Rebounds
- Price Surge: Zcash (ZEC) is trading near $239, with a 24-hour gain of about 3% and a weekly increase exceeding 10%, resulting in a market capitalization of approximately $3.95 billion, indicating ZEC's outperformance against many large-cap peers in a generally positive crypto market.
- Volume Spike: With daily trading volumes around $485.6 million and consistently above $400 million in recent sessions, the significant participation from larger traders suggests a shift away from purely retail-driven trading activity, enhancing market liquidity.
- Enhanced Privacy Features: The ZODL wallet has driven over a 400% increase in shielded pool adoption since October, processing more than $600 million in ZEC swaps, underscoring the growing practical demand for private transfers amid rising interest in privacy coins.
- Funding and Development Shift: Following a governance dispute, Zcash's core development team reformed as the Zcash Open Development Lab (ZODL) and raised $25 million in seed funding, marking the largest funding round in the project's history, aimed at expanding its mobile wallet infrastructure and protocol work.
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Technical Analysis for ZEC
Technical Sentiment Analysis for Zcash (ZEC). As of , Zcash (ZEC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ZEC 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, ZEC 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 $-.
Zcash (ZEC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 129.609 | 171.59 | 206.349 | 248.33 | 283.089 | 325.07 | 359.829 |
| Fibonacci | 171.59 | 200.904 | 219.015 | 248.33 | 277.644 | 295.755 | 325.07 |
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