Overview
- ZEC trades in the mid-$300s with a market cap near $5.8–6.0 billion and 24-hour volume above $1 billion.
- Prices have rebounded roughly 8–20% after a 50–55% slide from mid-November highs near $700, though the latest rise comes on declining turnover.
- Analysts flag heavy supply near $380–$400, with Ardi citing outsized sell volume at $380 and outlining a potential short squeeze toward ~$420 if that level is reclaimed or a drop toward ~$250–$290 on rejection.
- Key levels to watch include support around $344, then $320, $280 and $240, with resistance stacked near $400, $470 and $550 as indicators such as RSI near 38 and bearish Parabolic SAR signal caution.
- Recent upgrades that cut shielded transaction costs, proposed Ztarknet Layer-2 scaling and roughly 29% of supply in shielded pools, alongside positions held by Grayscale and Cypherpunk, shape a tighter tradable float and volatile setups.