Zcash surges ~34% as Grayscale accumulates $46M in shielded ZEC; SEC probe closed, ETF speculation intensifies

first published 2026-04-08T06:41:45Z

Zcash (ZEC) surged about 23% in 24 hours to roughly $322.50 on a near-200% volume spike. Futures open interest rose ~10% to ~$494M while short liquidations were around $1.1M. The move reclaimed the 50‑day EMA and money-flow turned positive (CMF ~+0.13), but price is testing a decisive $320–$330 resistance band that aligns with the 200‑day MA and prior supply. A daily close above $330 would target $375 then $420; a failure or drop below $280 would expose $250 and $215.

AI Analysis

Bullish signs: ~23% 24h rally, ~200% volume surge, ~10% rise in futures OI to ~$494M, ~$1.1M in short liquidations, reclaiming the 50‑day EMA and CMF ≈ +0.13. Bear/break risk: price is testing a clear $320–$330 resistance zone (aligned with the 200‑day MA) that must be cleared to continue higher.

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