📊 Current price situation:
ZEC is trading around ~$393 – $402 with a slight decline in today's session compared to yesterday, reflecting a correction after strong increases in recent days.
📈 Overall positive momentum:
Despite the short-term decline, Zcash is experiencing long-term upward momentum with strong gains over the previous weeks due to increased interest in privacy-focused cryptocurrencies and technological innovations such as proposals to improve network fees and the use of more shielded transactions. These factors make ZEC one of the attractive projects in the privacy category.
🔥 Factors supporting the bullish outlook:
Advanced privacy technology with the ability to choose between transparency and privacy, which is a feature that attracts some institutions more than competitors like Monero.
If the price closes below the nearby support levels (~$390–$400), we may see some selling pressure before resuming the upward trend.
🚀 Brief overview:
ZEC is not just an ordinary cryptocurrency — it is one of the strong solutions in the privacy category that is experiencing increasing interest at both technical and legislative levels. By maintaining current support levels, there is a good chance of resuming the upward trend in the coming weeks, especially if technical improvements are successfully implemented and institutional demand increases. But always remember that trading involves risks, so make sure to manage your risks before entering.
