Zcash (ZEC) Price Movement Analysis:
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✅️Situation Description:
The price of Zcash has increased by 5.38% over the past 24 hours, outperforming the broader cryptocurrency market (-0.93%), driven by a recovery from oversold levels and increasing demand for shielded transactions.
✅️Supporting Factors:
Technical Recovery: The price has regained key moving average levels, indicating a shift in market momentum in the near term.
🔸️Strengthening Zcash's Position in Privacy: Grayscale's 2026 projections highlighted Zcash's role in financial privacy infrastructure.
🔸️Whale Accumulation: Over 200,000 Zcash (worth over $88 million) withdrawn from exchanges, alleviating selling pressure.
✅️Anticipated Scenarios:
🔸️Technical Trend: Despite the volatility, the technical structure remains biased to the upside, as the current price approaches recent record highs. This reinforces the positive outlook in the short term, especially with continued buying pressure from major holders.
🔸️Fundamental Analysis Support: Data indicates that major ZEC holders continue to accumulate the coin, providing a strong demand base. If positive market conditions persist, ZEC may experience an upward breakout, with the potential for further highs.
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