Overview
- ZEC traded around $691.5 on Nov. 20 and is pressing a 4-hour inverse head-and-shoulders neckline near $690, with technicians watching for confirmation.
- A confirmed move above the level would imply a measured target near $956, according to chart analysis reported by crypto.news.
- Cypherpunk Technologies disclosed 233,644 ZEC after an approximately $18 million add, saying it intends to scale toward at least 5% of supply.
- Roughly 30% of the coin’s supply sits in shielded pools, which reduces liquid float and may magnify price moves.
- Arthur Hayes has promoted the bull case, calling for $1,000 in the short term and suggesting ZEC could eventually reach about 20% of Bitcoin’s value.