ZCash (ZEC) Holders Unshield Over 200K Coins, Market Reacts Strongly
- Privacy Asset Outflow: ZCash holders have unshielded over 200K ZEC, valued at over $100 million, leading to a rapid depletion of funds in high-privacy vaults, potentially signaling a trend of exiting privacy assets that could undermine market confidence.
- Market Reaction: Following the unshielding of 1.2% of the circulating supply by a whale, ZEC's price dropped from $492.51 to $484.41, intensifying panic among investors and highlighting uncertainty regarding the future of privacy assets.
- Declining Trading Interest: ZEC's open interest has fallen to $764 million, down significantly from nearly $1 billion at its 2025 peak, indicating a decrease in market interest that may affect liquidity and price stability.
- Community Support and Future Outlook: Despite the price decline, supporters believe ZEC could outperform BTC in the future, having risen over 31% against BTC in the past month, showcasing its potential and appeal in the privacy coin market.
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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 | 34.015 | 109.292 | 182.505 | 257.782 | 330.995 | 406.272 | 479.485 |
| Fibonacci | 109.292 | 166.016 | 201.059 | 257.782 | 314.506 | 349.549 | 406.272 |
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