$ZEC /$USDT – Privacy Narrative Ignites Massive Rebound
Guy's check results — $ZEC has staged an incredible comeback, recently posting an over 18% gain while the broader market consolidates!
Zcash is currently trading around $572 (+18.25% in 24h) after successfully defending the critical support zone near $470 following a sharp, parabolic correction from its multi-year high of $744. This rebound is heavily fueled by the privacy narrative and institutional interest, specifically the recent announcement that Cypherpunk Technologies (backed by Winklevoss Capital) has deployed $50M to acquire ZEC for its corporate treasury. This fundamental driver suggests strong long-term conviction is absorbing speculative selling pressure.
Trade Plan (Long/Rebound)
Entry Zone: $550 – $575
TP1: $650
TP2: $740 (Previous high test)
TP3: $800
SL: Below $460 (Must protect the recent support structure)
Signal: Enter a long position on confirmation of a break and sustained hold above $575, targeting a move back toward the previous highs. This asset is volatile; manage your position size carefully.
