Zcash gave back part of a 3-day run today — and bulls want 1,250 to hold.
ZEC is down ~5.5% to around $1,243, yet it still carries the strongest alt bid on the board: $336M in Binance 24h volume, the most of any altcoin outside the majors.
The move isn't random. Grayscale's Zcash ETF logged $15.18M of net inflows Wednesday — its best day in about a month after three weeks of outflows — and futures open interest climbed to $2.89B, the highest since late September (Invezz / CoinGlass).
The setup: a ~15% weekly run cooling into support. Traders are watching whether $ZEC defends the 1,250 zone or slides toward the 200-EMA near 1,235. Meanwhile Asia's staple $XRP sits ~3% lower, holding 1.32.
Korea and Japan — rotating into the privacy trade, or buying the XRP dip?
#Write2Earn #Altcoins #암호화폐 #アルトコイン #加密货币
Not financial advice. DYOR.
ZEC is down ~5.5% to around $1,243, yet it still carries the strongest alt bid on the board: $336M in Binance 24h volume, the most of any altcoin outside the majors.
The move isn't random. Grayscale's Zcash ETF logged $15.18M of net inflows Wednesday — its best day in about a month after three weeks of outflows — and futures open interest climbed to $2.89B, the highest since late September (Invezz / CoinGlass).
The setup: a ~15% weekly run cooling into support. Traders are watching whether $ZEC defends the 1,250 zone or slides toward the 200-EMA near 1,235. Meanwhile Asia's staple $XRP sits ~3% lower, holding 1.32.
Korea and Japan — rotating into the privacy trade, or buying the XRP dip?
#Write2Earn #Altcoins #암호화폐 #アルトコイン #加密货币
Not financial advice. DYOR.