{"id":38993,"date":"2025-12-09T09:38:51","date_gmt":"2025-12-09T09:38:51","guid":{"rendered":"https:\/\/financialrush.com\/?p=38993"},"modified":"2025-12-09T09:38:51","modified_gmt":"2025-12-09T09:38:51","slug":"zcash-zec-price-jumps-24-weekly-is-616-the-next-target","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=38993","title":{"rendered":"Zcash (ZEC) Price Jumps 24% Weekly: Is $616 the Next Target?"},"content":{"rendered":"

\n<\/p>\n

Zcash (ZEC) is trading at around $418 after rising 13% in the last 24 hours. Over the past week, the price is up by 24%.<\/p>\n

Consequently, the move follows a breakout from a technical setup where price cleared $407, flipping that area into a support zone. The short-term trend remains upward, but traders are watching for signs of pressure near the next resistance levels.<\/p>\n

Breakout Holds as Price Approaches Resistance<\/h2>\n

ZEC is moving toward the 0.382 Fibonacci retracement level at $472. This area may act as near-term resistance. If the price breaks through, traders are likely to watch the $525 and $616 levels next. These zones align with previous ranges where the price has paused or reversed in the past.<\/p>\n

The 50-period moving average around $357 has offered support on the way up. On the 4-hour chart, this level marks the midpoint of the recent trend.<\/p>\n

\n
\n
<\/a><\/dt>\n
Zcash (ZEC) price chart 09.12. Source: TradingView<\/dd>\n<\/dl>\n<\/div>\n

Meanwhile, the RSI is at 69, near the overbought zone. Momentum is strong, but the current reading suggests the pace may slow before a clear next move develops.<\/p>\n

Whales Buy as Retail Sells<\/h2>\n

Recent data shared<\/a> by analyst Ardi shows different behavior between retail and institutional players. According to him, \u201cRetail ($0\u2013$1k) and mid-sized ($1k\u2013$100k) accounts are aggressively selling,\u201d while wallets holding $100k to $10M are increasing their positions.<\/p>\n

Over $30 million in smaller account holdings were sold recently, while larger wallets bought $100 million in the same time. Ardi described the move as \u201cinstitutional absorption\u201d, with large buyers picking up supply being sold at market. He added,<\/p>\n

\n

\u201cYou are handing your coins directly to the entities who are trying to rip this higher.\u201d<\/p>\n<\/blockquote>\n

In a separate view, analyst BeLaunch noted<\/a> a price rejection near $425. This was followed by lower volume on the advance and reduced positioning from short-term holders. While 24-hour holders are still active, capital flow data showed a mixed picture. Derivatives saw outflows, while spot markets recorded new inflows.<\/p>\n

New Fee Proposal and ETF Conversion Plans<\/h2>\n

Additionally, the Zcash development team has proposed<\/a> a change to the way fees work during periods of congestion. The update would base transaction fees on the median of the last 50 blocks. A 10x fee lane would allow priority transactions during high demand. The rollout will happen in phases. The upgrade is expected to go through a consensus change, without a full redesign.<\/p>\n

Separately, Grayscale submitted a proposal to convert its Zcash Trust into an ETF last month, as we reported<\/a>. If approved, this could allow traditional investors access to ZEC exposure through a regulated product without needing to hold the asset.<\/p>\n

The post Zcash (ZEC) Price Jumps 24% Weekly: Is $616 the Next Target?<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Zcash (ZEC) is trading at around $418 after rising 13% in the last 24 hours. Over the past…\n","protected":false},"author":2,"featured_media":38994,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":{"0":"post-38993","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-crypto","8":"cs-entry","9":"cs-video-wrap"},"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/38993","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38993"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/38993\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/38994"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}