🔥 ZEC DISAPPEARED AND NOW THE MARKET IS WATCHING US$ 1,000
📰 Zcash has drawn attention again this Thursday. ZEC is being traded near US$ 960, up approximately 18% over the last 24 hours.
The move comes amid strong interest in privacy coins and after the arrival of the first spot Zcash ETF in the U.S., increasing institutional exposure to the asset.
🔹 📈 ZEC rises about 18% in 24 hours
🔹 💰 The price is already approaching the US$ 1,000 area
🔹 🚀 The launch of the spot Zcash ETF boosted institutional attention
🔹 🎯 Above US$ 1,000, ZEC could enter a new price-discovery zone
🔹 ⚠️ After such a strong rally, a pullback to test supports may happen before another leg
ZEC’s strength is impressive, but the move is also getting more and more stretched. Breaking US$ 1,000 would be an important signal, but keeping the price above that level will be even harder.
👀 Will ZEC break above US$ 1,000 and keep surging, or is this rally already close to a correction?
#zcash $ZEC
📰 Zcash has drawn attention again this Thursday. ZEC is being traded near US$ 960, up approximately 18% over the last 24 hours.
The move comes amid strong interest in privacy coins and after the arrival of the first spot Zcash ETF in the U.S., increasing institutional exposure to the asset.
🔹 📈 ZEC rises about 18% in 24 hours
🔹 💰 The price is already approaching the US$ 1,000 area
🔹 🚀 The launch of the spot Zcash ETF boosted institutional attention
🔹 🎯 Above US$ 1,000, ZEC could enter a new price-discovery zone
🔹 ⚠️ After such a strong rally, a pullback to test supports may happen before another leg
ZEC’s strength is impressive, but the move is also getting more and more stretched. Breaking US$ 1,000 would be an important signal, but keeping the price above that level will be even harder.
👀 Will ZEC break above US$ 1,000 and keep surging, or is this rally already close to a correction?
#zcash $ZEC
