Former ECC Team Launches cashZ to Focus on Zcash Development
- Team Restructuring: The former Electric Coin Company (ECC) team, led by Josh Swihart, has established a new venture called cashZ, aiming to enhance Zcash's development capabilities while keeping the Zcash protocol unchanged, reflecting dissatisfaction with the existing governance structure.
- Market Positioning: The new company cashZ will continue to develop Zcash and the Zashi wallet, emphasizing the scalability and agility often lacking in nonprofit frameworks, which aims to attract more funding and partnerships.
- Strategic Shift: Josh Swihart highlighted that to scale Zcash to billions of users, a startup structure is essential, and this transition is expected to enhance team execution and drive technological innovation.
- Community Engagement: cashZ will focus on go-to-market strategies and community interaction, with the expectation that this startup agility will bolster Zcash development activities, although the financial impacts remain to be seen.
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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 | 24.981 | 104.776 | 182.021 | 261.816 | 339.061 | 418.856 | 496.101 |
| Fibonacci | 104.776 | 164.765 | 201.826 | 261.816 | 321.805 | 358.866 | 418.856 |
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