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If they can pump hard, they can dump hard too.
$MIRA
is down 32%
$0G
is down 25%
$SUPER
is down 23%
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MIRA
0.6142
-6.04%
0G
2.671
+0.26%
SUPER
0.5998
+2.39%
2.8k
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$ZEC Pumped 37.28% in the past 24h to $93.61, outpacing the broader crypto market (+2.54%). Key drivers include privacy tech adoption, a multi-year technical breakout, and rising institutional interest in shielded transactions. Zashi Cross pay adoption – Enabled private cross-chain payments, boosting utility 8-year downtrend breakout – Bullish technical signal vs Bitcoin Privacy narrative revival – Regulatory shifts and Monero’s challenges favor ZEC Deep Dive 1. Product Momentum: Zashi Cross pay Launch (Bullish Impact) Overview: The September 16 release of Zashi CrossPay allows shielded ZEC transfers across 20+ blockchains via NEAR Protocol, with shielded transaction volume spiking 58% post-launch. What this means: Solves ZEC’s historical liquidity fragmentation Positions Zcash as a privacy layer for DeFi (vs just a coin) 24h shielded pool inflows hit $29.1M, reducing sell pressure What to watch: October 5 mainnet integration with THORChain for BTC/ZEC swaps. 2. Technical Breakout: 8-Year Downtrend Shattered (Bullish Impact) Overview: ZEC/BTC broke its logarithmic downtrend dating to 2017, closing September at 0.0006072 BTC (+70% monthly). The move coincided with: RSI(14) at 77.72 – bullish but overbought MACD histogram widening to +1.92 (strong momentum) What this means: Technical traders see $98 (2024 high) as next target Rising volume (24h +36.4%) confirms breakout validity Key level: Hold above $87.5 (127.2% Fib extension) to sustain momentum. 3. Regulatory Tailwinds & Competitor Weakness (Mixed Impact) Overview: SEC’s Sept 30 altcoin ETF rejections redirected capital to established projects Monero (XMR) faced mining attacks, pushing users to ZEC’s zk-SNARKs Google searches for “privacy coins” hit ATHs What this means: ZEC benefits from XMR’s 24h underperformance (-3.1% vs ZEC +37.3%) Regulatory clarity post-Tornado Cash case aids shielded transaction adoption #zec
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