Overview
- ZEC climbed to roughly $440 with market capitalization above $7.3 billion as 24‑hour volume was reported around $763 million, with a separate reading near $744 million later in the day.
- On-chain data cited in the coverage shows the supply of shielded ZEC at a record high, a shift traders say can reduce liquid float on exchanges.
- Grayscale’s Zcash Trust assets were reported rising toward $200 million, while interest in privacy-focused tokens such as Monero and Midnight also increased.
- The rebound unfolded alongside a broader crypto upswing, with Bitcoin around $88,500 and total market value approaching $3 trillion.
- Technical readings highlight support above key moving averages and proximity to the $472 Fibonacci level, with authors suggesting potential targets near $500 and, per AMBCrypto’s chart view, even $750, though they also note pullback risks tied to a developing bearish pennant and rotation-driven gains.