$ZEC is the one to watch on Binance right now!
Zcash is trading around $1,300, up roughly 16% this week and leading the top-12 gainers while Bitcoin barely moves (~$82.8K). Its 24h volume is about $1.2B.
📊 What's driving it:
• Three straight bullish daily closes after a drop to ~$1,050 earlier this month
• Short squeeze: most of the recent liquidations were shorts, which helped fuel the rebound
• Grayscale now allows in-kind ZEC transfers into 10 funds, and ETF inflows hit a 30-day high
• NU7 network upgrade is targeted for Nov 5, 2026
📈 Key levels:
• Support: $1,221 (daily close), then $1,190 (50 EMA)
• Resistance: $1,350–$1,380
• A close above ~$1,338 could open the way toward $1,500
• A close below $1,221 puts the breakout in doubt
⚠️ The 200 EMA (~$790) is rising far below the price, so the trend is up, but after a +16% week a pullback or retest is possible. Manage your risk and avoid overleveraging.
What's your view: breakout toward $1,500 or a retest first? 👇
#zcah #ZECUSDT #Binance #CryptoAnalysis #BinanceSquare This is not financial advice. Always DYOR.