My take on one of the reasons $ZEC is stuck around $1300 for the past three days and why it won’t pump Again but dip straight to $1000, let’s look at the big money. Zcash’s massive September run was heavily fueled by institutional euphoria surrounding the first U.S.-listed spot Zcash ETF. Grayscale's aggressive research backing ZEC’s zk-SNARKs technology as a primary value layer drove unprecedented capital inflows.
However, after hitting an overbought peak of $1,689, institutional buyers paused. We are seeing a classic consolidation phase where early spot ETF accumulators are locking in profits, balanced perfectly by long-term bulls defending the $1,300 support floor.
However, after hitting an overbought peak of $1,689, institutional buyers paused. We are seeing a classic consolidation phase where early spot ETF accumulators are locking in profits, balanced perfectly by long-term bulls defending the $1,300 support floor.
