$ZEC Today I'll have this on the screen, but not because it's mooning.
Zcash's official team just discussed the "transparent / shielded" transaction options again 2 hours ago, and there were also updates on infrastructure like Zebra 5.2.0 and Zodl 3.6.0 in the ecosystem summary 21 hours ago. The news isn't the kind that screams bullish right off the bat, but it gives a legitimate trading reason for the "privacy payment" narrative.
Currently, Binance spot ZECUSDT is around $458, with a 24h change of +1.2% and a trading volume of $78.32 million; the perpetual market is even hotter, with a 24h volume of about $545 million and a funding rate still at -0.0415%.
I’m eyeing around 450. The price is currently above the 1H MA20 at 449; as long as that line holds, the shorts in negative funding rates will likely get squeezed; however, I won’t consider it a new bullish wave until we clear the intraday high of 465.8 with volume.
If it dips back below 448 on the 1H, I’ll just treat this as a retracement in privacy coin sentiment and won’t stick around for a prolonged battle.
#ZEC #隐私币 #资金费率 #合约交易 #币安广场
Zcash's official team just discussed the "transparent / shielded" transaction options again 2 hours ago, and there were also updates on infrastructure like Zebra 5.2.0 and Zodl 3.6.0 in the ecosystem summary 21 hours ago. The news isn't the kind that screams bullish right off the bat, but it gives a legitimate trading reason for the "privacy payment" narrative.
Currently, Binance spot ZECUSDT is around $458, with a 24h change of +1.2% and a trading volume of $78.32 million; the perpetual market is even hotter, with a 24h volume of about $545 million and a funding rate still at -0.0415%.
I’m eyeing around 450. The price is currently above the 1H MA20 at 449; as long as that line holds, the shorts in negative funding rates will likely get squeezed; however, I won’t consider it a new bullish wave until we clear the intraday high of 465.8 with volume.
If it dips back below 448 on the 1H, I’ll just treat this as a retracement in privacy coin sentiment and won’t stick around for a prolonged battle.
#ZEC #隐私币 #资金费率 #合约交易 #币安广场