Overview
- ZEC briefly lost the $300 mark after Bitcoin’s rejection near $70,900, yet short‑term momentum remains constructive following a rapid rebound from the $187 base.
- Technical views flag nearby upside liquidity around $342–$360 and a broader resistance band at $365–$460, with traders watching whether $300 holds as support.
- Delphi Digital reports about 30% of the coin’s supply now resides in shielded addresses, up from roughly 11% a year ago, a shift associated with lower turnover.
- Delphi projects that the shielded share could exceed 50% within 12–18 months if the pace persists, which would further constrain circulating float.
- Derivatives have cooled, with CoinGlass showing a 27% drop in trading volume to $1.57 billion and open interest down 13% to $406 million, pointing to reduced leverage.