$ZEC Zcash jumps 20% to landmark $1,000 level as short sellers lose $34 million.
Zcash ($ZEC ) has broken out above $900 to roughly $955, driven by privacy-focused fundamentals (zero-knowledge security) and scarcity (21 million max supply) alongside a surge in market activity: futures volume jumped to $6.38 billion (+113.64%), open interest rose to $2.16 billion (+34.97%), and 24h spot volume is about $594.6 million. The technical setup targets a near-term test of the $1,000 psychological level then $1,200–$1,300 and a larger $1,800 objective if the breakout holds, while $700–$800 is key support and crowded leveraged positions pose liquidation risk to price stability.
#zec #zcash
Zcash ($ZEC ) has broken out above $900 to roughly $955, driven by privacy-focused fundamentals (zero-knowledge security) and scarcity (21 million max supply) alongside a surge in market activity: futures volume jumped to $6.38 billion (+113.64%), open interest rose to $2.16 billion (+34.97%), and 24h spot volume is about $594.6 million. The technical setup targets a near-term test of the $1,000 psychological level then $1,200–$1,300 and a larger $1,800 objective if the breakout holds, while $700–$800 is key support and crowded leveraged positions pose liquidation risk to price stability.
#zec #zcash