Overview
- ZEC is pressing the $300 resistance after a rebound, with short-term momentum tilted bullish but not yet confirmed.
- Delphi Digital reports roughly 30% of supply now sits in shielded addresses, up from about 11% a year ago, a shift that can reduce circulating float.
- Derivatives activity has cooled, with CoinGlass showing a 27% drop in trading volume to $1.57 billion and a 13% decline in open interest to $406 million, indicating some deleveraging.
- Order-flow data highlights short-liquidation clusters near $342 and $360, creating the potential for an upside squeeze if price advances.
- A sustained break above $300 points toward technical targets around $342–$366 and a larger supply zone near $365–$460, while failure would leave support near $277 and then around $188, with direction sensitive to Bitcoin’s moves.