Overview
- ZEC jumped about 12% over the past day and is testing the $298–$300 area after rebounding from last week’s crash.
- Open interest rose 10% to $237 million, indicating a pickup in leveraged positioning that could amplify volatility.
- Short-term technicals turned constructive, with a close above the 61.8% Fibonacci level at $235 and fresh RSI/MACD buy signals.
- Retail accumulation intensified while the Grayscale Zcash Trust topped $92 million in assets and shielded supply reached a record 4.53 million ZEC, about 27% of the total.
- Outlooks diverge as momentum models see a possible retest of $300 and even a move toward the $391 all-time high, whereas Wyckoff analysis flags distribution risk with a potential drop toward the $125 pivot if selling resumes.