Arthur Hayes Reveals Zcash is Now the Second-Largest Asset in His Family Office, Following Bitcoin
Zcash's Rise in Holdings: BitMEX co-founder Arthur Hayes announced that Zcash (ZEC) has become the second-largest liquid holding in his family office, Maelstrom, following a significant price increase from $137 to over $730 in a month.
Market Performance: Zcash's market capitalization has surpassed $10.6 billion, with a trading volume increase of 139% to $4.63 billion, although it experienced a recent drop of about 11.8% after its rally.
Privacy Coin Popularity: Other privacy coins like Dash, Decred, and ZKsync have also seen substantial gains, reflecting a growing interest in privacy-focused cryptocurrencies amid concerns over government surveillance.
Organic Resurgence: Zcash Foundation's executive director noted that the recent interest in Zcash is driven by grassroots movements advocating for digital privacy and financial autonomy, with no direct involvement from the foundation in this resurgence.
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Technical Analysis for ZEC
Technical Sentiment Analysis for Zcash (ZEC) As of , Zcash (ZEC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ZEC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ZEC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Zcash (ZEC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 25.205 | 104.887 | 182.245 | 261.927 | 339.285 | 418.967 | 496.325 |
| Fibonacci | 104.887 | 164.877 | 201.938 | 261.927 | 321.917 | 358.978 | 418.967 |
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