Zcash Price Target: Traders are speculating a price surge for Zcash (ZEC) to $875, driven by bullish momentum and interest in shielded purchases via the Zashi Wallet.
Community-Driven Sentiment: The ambitious price target is primarily fueled by trader enthusiasm and technical analysis, lacking validation from Zcash leadership or institutional support.
Market Dynamics: Increased buying activity in spot and futures markets reflects community dynamics rather than endorsements from major financial institutions, with no significant funding rounds reported.
Technical Analysis and Support Levels: For ZEC to reach the $875 target, it must break above $750; otherwise, it may find support around $495 if momentum decreases.
