Zcash (ZEC): Privacy-Focused Tech and Bullish Potential

Evolving Technology & Privacy

Zcash (ZEC) is keen to continue to evolve its tech and be among the top privacy-centered cryptocurrencies. This can be viewed in its shift to the Zebra system, which will expand and strengthen the network, and in overhauling its consensus mechanism for enhanced security and decentralization.

Adoption & Investor Confidence

Zcash's privacy emphasis, through shielded transactions and Zero-Knowledge Proofs (Zk-SNARKs), has continued to attract customers seeking secure and anonymous digital currency. Zcash has also sustained investor trust by not being delisted from major exchanges like Binance, and it continues to attract investors due to its unique characteristics and growth potential, as seen through increasing volumes of trades

Zcash Scalability and transaction costs:

Block time -150 seconds

Transaction per second- 6 to 27

Transaction fees- 0.0001 ZEC

ZECUSD showed a nice pullback after a minor correction.

Any daily close above $52 confirms further bullishness.

ZECUSD gained more than 35% in the past four days. The pair holds above the short-term (34 and 55 EMA) and the long-term moving average in the 4-hour chart. It hit a high of $41 and is currently trading around $40.01.

The bullish invalidation can happen if the pair closes below $25. On the lower side, the near-term support is $36.Any close below targets $30/$27.80/$25.

 The pair's near-term resistance is around $43. Any breach above confirms minor bullishness. A jump to $45/$52 is possible. A surge past $52 will take it to $60.

It is good to buy on dips around $36 with SL around $25 for TP of $60.