Zcash $ZEC is currently experiencing a neutral-to-bullish recovery, closely tracking Bitcoin’s move back above $70,000 while benefiting from a renewed privacy narrative. After stabilizing near the psychological $200 floor, ZEC has pushed toward $216–$218, though it remains in a broad consolidation phase. Key resistance sits at $230–$240, where a decisive break could trigger a rally toward $265, while immediate support is firm at $212 followed by the critical $200 macro demand zone. Trading momentum is cautiously rising, supported by a 16% surge in Futures Open Interest and a recovering RSI (57), indicating that buyers are returning. Overall market sentiment is optimistic due to recent $25M institutional funding (ZODL) and the upcoming Foundry mining pool launch in April, though traders should stay alert for a "bull trap" if ZEC fails to reclaim the 50-day moving average near $255.
ZECUSDT
Perp
216.63
-0.81%