Zcash (ZEC) has unexpectedly broken out of its recent consolidation, driven by a bullish golden EMA crossover around $495 while trading near $509. This technical signal suggests increased intermediate momentum, supported by strong long-term support levels between $470 and $500. However, selling pressure remains near $520-$525, and volume is still low compared to earlier rallies, which may limit the breakout's strength. Confirmation would require a daily close above $525, potentially targeting $550-$575 next, but the current setup offers ZEC a solid technical foundation for a possible upward move.
Zcash (ZEC) briefly surpassed the $1,000 mark, reaching a market value of $16.5 billion and entering the top ten cryptocurrencies by market cap. Trading volume surged by 173% to $1.62 billion, reflecting strong buying interest. However, the price soo...
Zcash (ZEC) surged above $1,000 on September 4, marking a significant recovery after a mid-year sell-off due to a security issue. The rally is driven by growing institutional interest, increased derivatives trading, and stronger adoption of Zcash's p...
The cryptocurrency market shows a general downward trend with major coins like Bitcoin and Ethereum dropping by around 1.4% and 1.5% respectively. However, some tokens such as ZEC and LIT have seen notable gains of 7.76% and 16.20%. This mixed perfor...
Zcash (ZEC) surged 15% in the past 24 hours after bouncing off the $750 pennant support, moving above key Exponential Moving Averages. This rally was supported by a doubling of trading volume to $1.2 billion, indicating strong buyer participation. Fu...
Zcash surged 20% on September 4, reaching $1,023, its highest price in nearly a decade, fueled by $34.5 million in short position liquidations. The rally coincides with the strong performance of Grayscale's newly launched Zcash Trust ETF, which has c...
