🔥 ZCASH: STABILIZING AFTER MIGRATION
Zcash (
$ZEC ) is holding steady between $545.00–$565.00, maintaining its strong multi-week outperformance relative to the broader altcoin market.
The mainnet migration off the legacy zcashd node client to the Rust-based Zebra architecture successfully completed on July 18, 2026. Fundamental support remains firm following Grayscale's spot privacy ETF conversion filing and the SEC's investigation closure.
📉 The Defensive Floor (Bear Case)
Immediate horizontal support has established at $530.00–$545.00.
A daily close below $480.00 breaks the current bullish trend structure, risking a deeper pullback toward the 50-day moving average near $440.00.
🚀 The Continuation Targets (Bull Case)
Daily RSI sits near 62.5, showing healthy buying momentum without reaching overbought extremes.
A decisive daily close above overhead resistance at $585.00 clears the macro ceiling, targeting $615.00 and $645.00
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