Zcash may be entering one of its biggest moments since 2018.
$ZEC recently surged to around $860 before pulling back, posting roughly 35% gains for the week.
The momentum is being driven by growing institutional interest, Grayscale’s spot Zcash ETF filing, and reports of large $ZEC accumulation.
But there is a warning sign. Futures volume has massively outpaced spot trading, while RSI is around 86, suggesting the rally is heavily leveraged and potentially overheated.
The long-term privacy narrative remains strong, especially after recent network upgrades and growing concerns around AI-driven surveillance.
$ZEC has the fundamentals and the attention. The real question is whether this rally can continue without a major pullback.
$ZEC recently surged to around $860 before pulling back, posting roughly 35% gains for the week.
The momentum is being driven by growing institutional interest, Grayscale’s spot Zcash ETF filing, and reports of large $ZEC accumulation.
But there is a warning sign. Futures volume has massively outpaced spot trading, while RSI is around 86, suggesting the rally is heavily leveraged and potentially overheated.
The long-term privacy narrative remains strong, especially after recent network upgrades and growing concerns around AI-driven surveillance.
$ZEC has the fundamentals and the attention. The real question is whether this rally can continue without a major pullback.