Zcash (ZEC) recently failed to break above the $520 resistance level and dropped 4% in 24 hours, with potential to fall further to its 200-day EMA at $425. Market conditions remain bearish due to expected Federal Reserve interest rate hikes and geopolitical tensions, which dampen investor sentiment and trading volumes. The launch of the Ironwood pool, which replaces the Orchard pool with enhanced security, may limit downside risks by restoring confidence. However, unless market sentiment improves, ZEC is unlikely to surpass $500 soon and may continue its downward trend.
The crypto market is mostly flat today with Bitcoin trading around $64,387, up slightly by 0.13%. Despite the calm, most major cryptocurrencies have lost significant value this year, with Ethereum down 35.76% and Bitcoin down 26.43%. Only a few coins...
Zcash is holding a significant coinholder vote starting August 25 to decide on the NU7 network upgrade, including changes like smoother coin issuance, block time reduction, and transaction format updates. The vote requires participation from at least...
Bitcoin is trading around $62,700, close to a potential bearish death cross where its 20-week moving average may fall below the 200-week average, signaling possible further weakness. Meanwhile, Zcash has recovered impressively from a sharp 50% crash ...
Bitcoin recovered from a dip below $62K to trade around $64,300, buoyed by the S&P 500 reaching fresh all-time highs above 7,050. This rally shows the usual pattern where crypto prices follow traditional equities, though market sentiment remains fear...
Zcash (ZEC) is showing signs of a potential rally toward $580–$600 within a bear flag pattern, but declining trading volume suggests weak buying momentum. If ZEC fails to hold support around $450–$470, it could drop sharply toward $295, a 50% decline...
