$ZEC Explodes Past $1,480 – The Real Story..
ZEC just printed a new local high at $1,595 and the 24h volume is sitting at a staggering $2.86 billion this is not a normal move.
Here's what's driving it: The Grayscale Zcash spot ETF (ZCSH) launched in late August and has already crossed $500 million in AUM. But the real catalyst is the Ironwood upgrade a network fix designed to restore trust after the Orchard vulnerability scare. Add in a $44 million short squeeze from traders who bet against ZEC, and you get a textbook parabolic move.
What to watch now: Price is cooling off from the $1,595 high and sitting at $1,488 The key support zone is $1,450–$1,470. If it holds, we could see another leg toward $1,600+ . If it breaks, expect a flush toward $1,400.
The trend is still up but after a move this violent, don't chase green candles. Wait for the retest.
$ZEC
ZEC just printed a new local high at $1,595 and the 24h volume is sitting at a staggering $2.86 billion this is not a normal move.
Here's what's driving it: The Grayscale Zcash spot ETF (ZCSH) launched in late August and has already crossed $500 million in AUM. But the real catalyst is the Ironwood upgrade a network fix designed to restore trust after the Orchard vulnerability scare. Add in a $44 million short squeeze from traders who bet against ZEC, and you get a textbook parabolic move.
What to watch now: Price is cooling off from the $1,595 high and sitting at $1,488 The key support zone is $1,450–$1,470. If it holds, we could see another leg toward $1,600+ . If it breaks, expect a flush toward $1,400.
The trend is still up but after a move this violent, don't chase green candles. Wait for the retest.
$ZEC
