Key Insights:
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Zcash rose 1.61% to $264.51 as technical indicators signaled short-term momentum and renewed market participation from active traders globally.
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Cypherpunk Technologies and Reliance Global Group increased exposure to ZEC, strengthening institutional confidence and influencing recent demand trends.
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Despite extreme fear sentiment, forecast data projects ZEC trading between $266 and $321 during the coming week.
Zcash advanced 1.61% over the past 24 hours to trade at $264.51, extending a recovery that began earlier this week. The rebound follows a sharp pullback and signals renewed buying activity across major exchanges. Consequently, traders now focus on whether the recovery can sustain higher levels in the near term.
Market data shows elevated volatility at 17.50%, reflecting active participation. Besides, ZEC maintains a market dominance of 0.19% with supply inflation at 1.32%, which remains relatively low. However, the Fear and Greed Index stands at 9, indicating extreme fear among investors.
Technical Signals Support Short Term Strength
Momentum indicators point to improving short term conditions. The MACD line has crossed above its signal line, suggesting fresh upside pressure in recent sessions. Hence, short term traders interpret the move as a sign of building strength.
At the same time, the RSI hovers near 50, showing a balance between buyers and sellers. Price action continues to move sideways within a tight range. Additionally, projections indicate ZEC could attempt to trade above $280 if momentum persists.
Weekly estimates place potential highs between $314 and $321 over the weekend before moderating toward the $266 to $274 range later in the week. Consequently, volatility may remain elevated as traders react to shifting momentum.
Institutional Activity Reinforces Demand
Institutional positioning has also shaped sentiment. Cypherpunk Holdings Inc. holds nearly 2% of ZEC’s circulating supply, signaling long term conviction in privacy focused assets. Moreover, Reliance Global Group reallocated capital from Bitcoin, XRP, and Ethereum into ZEC.
These allocations strengthened market interest and increased liquidity flows into ZEC. Consequently, institutional participation added support to recent price stability during volatile sessions.
Privacy Focus Drives Broader Narrative
Industry developments further amplified attention on ZEC. Dash announced plans to integrate privacy features inspired by Zcash technology, shifting competitive dynamics within the privacy sector. Additionally, technology investor Balaji Srinivasan publicly praised Zcash for its privacy architecture in discussions around digital surveillance.
After weeks of decline, ZEC trades near $264.51 with renewed momentum supported by technical signals and institutional demand. However, sentiment indicators still reflect extreme caution even as trading volumes and volatility rise across the market.
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