According to CoinEdition, Zcash (ZEC) has broken above $500 for the first time since 2018, following a 900 percent rally since early September. Over 30 percent of ZEC supply is now in shielded pools, reducing exchange liquidity and amplifying price movements. The price currently trades near $517, far above key EMAs, signaling strong trend momentum. Technical indicators suggest the market is testing whether the rally can extend toward $550 to $600. Structural upgrades, increased demand for privacy, and short squeezes are cited as key drivers. Exchange flows show accumulation, with over $15 million in net inflows on November 6. If ZEC holds above $499 and closes above $520, it could push toward $550 and $600. A breakdown below $499 would signal a shift to a corrective structure.
Zcash Price Surges Past $500 for First Time Since 2018 Amid Parabolic Rally
CoinEditionShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.