🚨 $ZEC IS STILL MAKING NOISE! 🛡️🔥
Zcash is trading around the $1,500 area after a powerful rally, with ZEC up roughly 40% over the past week.
💰 Grayscale’s Zcash ETF has attracted more than $233M in cumulative inflows since its August launch, while the fund is preparing for a 3-for-1 share split on September 30.
⚡ Another major development: a large 38,000 ZEC short position was recently closed at an estimated $36M loss, removing some bearish pressure from the market.
📍 Key levels to watch:
• Support: $1,400–$1,450
• Resistance: $1,550–$1,600
• Breakout above $1,600 could put the previous ATH zone back in focus.
🔥 $ZEC remains one of the hottest movers in the market, but after such a sharp rally, volatility can be extreme.
DYOR. Manage your risk. 🚀$ZEC
Zcash is trading around the $1,500 area after a powerful rally, with ZEC up roughly 40% over the past week.
💰 Grayscale’s Zcash ETF has attracted more than $233M in cumulative inflows since its August launch, while the fund is preparing for a 3-for-1 share split on September 30.
⚡ Another major development: a large 38,000 ZEC short position was recently closed at an estimated $36M loss, removing some bearish pressure from the market.
📍 Key levels to watch:
• Support: $1,400–$1,450
• Resistance: $1,550–$1,600
• Breakout above $1,600 could put the previous ATH zone back in focus.
🔥 $ZEC remains one of the hottest movers in the market, but after such a sharp rally, volatility can be extreme.
DYOR. Manage your risk. 🚀$ZEC
