🚨📢Zcash Price Predictions: #ZECUSDT 🚨📢
ZEC
454.49
+9.57%
♦️♦️ZEC continues to decline with stable retail demand
✅Zcash reduces gains and stabilizes above the 50-day exponential moving average amid heightened volatility in the broader cryptocurrency market.
✅The ZEC derivatives market stabilizes with open interest in futures rising above $1 billion.
✅The funding rate weighted for open interest in Zcash remains in negative territory for three consecutive days as traders increasingly enter short positions.
✅Zcash (ZEC) is trading above $630 at the time of writing this report on Friday, after extending its daily decline to $595. Despite ZEC correcting from a heavy supply zone at $700, the privacy-oriented token shows signs of stability, which may allow it to regain momentum as the weekend approaches.
SOL
137.88
+5.45%
ETH
3,243.62
+1.59%
