🚀 Zcash ($ZEC) Hits $1,000 — Is $1,400 the Local Bull Top? ZEC just reclaimed $1,000 for the first time since 2018, and the momentum is wild. Here is the lowdown on what’s pushing this pump and where it goes from here: Why $ZEC is Pumping * Grayscale Inflows: Over $400M poured into Zcash spot products, bringing massive institutional eyes back to its 21M hard cap. * Shielded Supply Growing: Nearly 29% of the supply is now locked in the Ironwood shielded pool. Real usage is actually climbing. * Short Squeeze: Bears keep trying to short every high, triggering tens of millions in forced liquidations and fueling the squeeze. Key Levels to Watch * Support: $700 – $800 (Previous resistance zone, now prime buy support on pullbacks). * Current Range: Consolidating right around $1,000 – $1,050. * Next Stop: $1,400 USD Why $1,400 Looks Like the Local Top The $1,400 zone lines up perfectly with the 161.8% Fib extension of this breakout wave and the 61.8% macro retracement. With leverage sitting super high, a quick pump to $1,400 (+40% from here) looks like the ultimate target to wipe out the rest of the shorts before a healthy cool-off. If you're planning to take profits, keep your eyes glued to that $1,320 – $1,400 area! What’s your target for $ZEC? Drop your predictions below! 👇