📈 Analysis and Forecast on $ZEC on Binance: What’s Next? 📉
As of 16:55 EEST, July 8, 2025, the rate $ZEC on Binance is $40.7, showing a rise of 5.58% over the last 24 hours. This jump highlights the growing interest in Zcash, a cryptocurrency known for its focus on privacy due to zk-SNARKs technology. Increased trading volume confirms community optimism.
Technically, $ZEC is in an uptrend. On the 4-hour chart, the 50-day SMA has crossed the 200-day from below, signaling bullish momentum. The RSI (14) at 62 indicates strong momentum, but proximity to the overbought zone requires caution. Key resistance is at $42, a breakout of which could lead to $45. Support is located at $39, with lower support at $37. Holding above $40.7 supports the current rise.
Forecast: In the coming days, ZEC may test resistance at $42, with a chance to rise to $45 by mid-July 2025 if interest is maintained. By the end of 2025, a rise to $50–$55 is possible if the ecosystem continues to develop and acceptance of privacy coins grows. The long-term outlook for 2030 is $80+, assuming mass demand for anonymous transactions. Risks include correction due to overbought conditions and regulatory restrictions. Against the backdrop of hype, the prospects look promising.
Prospects? A rise of 5.58% and a price of $40.7 are close to resistance at $42. Buying at $39 with a target of $45 and a stop-loss at $37 may be justified. ZEC stands out due to innovations in privacy and support from Binance, attracting investors. Community activity highlights speculative potential.
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