Zcash (#zec ) has been performing very strongly recently. After the price broke through the $1,200 level, it briefly moved to around $1,223–$1,229, setting a new high in nearly a decade.
This rally is being driven on the one hand by inflows following the listing of a Zcash spot ETF, and on the other hand by the forced covering of a number of short positions, which has further pushed the price higher.
Next, focus on the $1,254 level. If ZEC can hold above this level on the daily chart, it would indicate that the uptrend has been further confirmed, and there may be an opportunity to challenge the $1,400–$1,450 range afterward. Some even more optimistic market views suggest that future targets could potentially reach $2,200.#比特币金叉确认
This rally is being driven on the one hand by inflows following the listing of a Zcash spot ETF, and on the other hand by the forced covering of a number of short positions, which has further pushed the price higher.
Next, focus on the $1,254 level. If ZEC can hold above this level on the daily chart, it would indicate that the uptrend has been further confirmed, and there may be an opportunity to challenge the $1,400–$1,450 range afterward. Some even more optimistic market views suggest that future targets could potentially reach $2,200.#比特币金叉确认