$ZEC Privacy Booster: Zcash (ZEC) has risen by more than 29% weekly, driven by renewed interest in privacy cryptocurrencies and the upcoming Ztarknet upgrade platform.
Positive technical indicators: The price remains above key EMA support levels ($451), with a neutral-positive RSI (56.89) indicating ongoing strength.
Mixed sentiment: Positive discussions on social networks contrast with a high long/short ratio, indicating potential pressure on long positions.
Strong inflows: Large capital inflows supported the recent rise, with opportunities to earn rewards for ZEC holders through the Binance Earn platform.
Facing $ZEC upward trend resistance
The price is trading at $457.61 (+3.73% over 24 hours), above the EMA25 support (~$451).
Mixed momentum: The RSI indicator is neutral-positive (56.89), but the negative MACD histogram suggests a decline in upward strength.
Growing interest due to the privacy narrative
The rise of ZEC is associated with increasing interest in private cryptocurrencies.
The upgrade of Ztarknet, which targets private and fast smart contracts, is considered a key long-term driver according to analyses. Earn and trade ZEC.
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Futures trading: Recently coincided with the launch of the ZEC/USDC perpetual futures contract, providing trading opportunities.
Strategic entry levels and risks
Key support near the 25-day EMA average (~$451).
Breaking the resistance level of $465 may indicate further upward movement.
