Zero emissions price surged over 20%, reaching around $593, due to the halving effect and the increasingly growing adoption rate starting to take effect.
Large companies like CryptoPunk Technology and Grayscale are hoarding funds, leading to a decrease in the supply of liquid capital.
The breakdown of the ascending triangle pattern and a strong rebound indicate that if the resistance level is broken, momentum could push the zero emissions price up to $750-850.
Zcash has experienced an unprecedented explosive rise, with the entire market holding its breath. This privacy coin's price surged. With over 20% trading around $593.53, it has become the single asset with the largest increase among all major assets.
This move was followed by a week when market sentiment was mixed—some analysts had predicted a sharp decline in price to $281. Meanwhile, various adoption metrics have been quietly rising. Nearly 4.9 million ZEC—about 30% of the total supply—are now sitting in shielded addresses, indicating that users are increasingly relying on Zcash's privacy features. The halving is just a few days away, and traders are eager to enter the market.
Why is ZEC's surge so strong today?
What is the biggest catalyst? This Zcash halving is on November 28.
The miner rewards will decrease from 3.125 ZEC to 1.5625 ZEC with only 900 ZEC entering the market daily—approximately worth $500,000 at today's prices.
The market loves scarcity stories, and ZEC has delivered a perfect timing. It has grown by 118% in the past 30 days, indicating that traders have incorporated the halving narrative into market expectations.
But that's not all:
Cypherpunk Technologies (backed by the Winklevoss twins) launched a $50 million accumulation plan aimed at capturing up to 5% of the circulating supply.
Grayscale has expanded its Zcash trust, further increasing institutional influence.
When large players start accumulating, the liquid supply decreases—confidence usually soars.
What do the ZEC charts show?
The 4-hour chart looks very volatile. ZEC briefly fell below its rising trend line—a classic stop-loss hunting strategy that eliminated weak positions—before quickly rebounding above the trend line. Analysts suggest that this is a 'broken ascending triangle' where the price pretends to drop to grab liquidity, then reverses with greater strength.
ZEC is now moving towards the $750 resistance level, which it failed to break twice earlier this month. If it breaks through successfully, upward momentum could significantly increase. Otherwise, the rising trend line below will become a key support level.
It is essentially a high-pressure coil waiting for instructions. ##币安合约实盘