Zcash (ZEC) experienced a sharp price correction following a 41% rally and a liquidity sweep near $688, pulling the price into a critical Fibonacci Golden Zone that traders watch for potential reversals. Despite the decline, trading volume remained high at around $1.16 billion, indicating active market participation rather than a passive sell-off. Futures market activity showed rising long interest with positive funding rates, but this early positioning could increase downside risk if the support zone fails. The market is currently uncertain, with the next move depending on whether buyers can defend this key support level or if selling pressure will push prices lower.
ZCash (ZEC) has fallen more than 20% since May 25 due to a broad crypto market sell-off and Bitcoin's nearly 5% decline. Despite this pullback, ZEC remains above a key support level at $486, which is critical for maintaining its bullish outlook. Tech...
Raoul Pal, CEO of Real Vision, believes the crypto bull market is intact despite recent sideways price action, driven by rising global liquidity, AI infrastructure demand, and blockchain adoption. He highlights Ethereum, Solana, and Sui as key layer-...
The crypto market is experiencing a broad sell-off with major coins like Bitcoin near $73,000, Ethereum around $2,000, and Solana below $85, all showing negative performance. This decline contrasts sharply with the S&P 500 reaching new all-time highs...
On May 28, major cryptocurrencies Bitcoin (BTC) and USD Coin (USDC) experienced significant net outflows of approximately $200 million and $184 million respectively, signaling a risk-off sentiment in the crypto market. Ethereum (ETH) also saw a net o...
Zcash (ZEC) has recently dropped 7% amid broader crypto market selling, despite a 12% gain this year. BitMEX founder Arthur Hayes predicts Zcash could rise fivefold within a year, potentially reaching $2,500 to $3,000. However, recent price action sh...
