Zcash Nonprofit Bootstrap Cites Governance Disputes Over Investment Limits
- Governance Dispute: Bootstrap, the nonprofit backing Zcash, stated that recent governance tensions arose from legal limits on outside investment faced by nonprofits, leading to the departure of key board members and impacting Zcash's future development.
- Separation and Restructuring: The Electric Coin Company (ECC) decided to separate from Bootstrap and form a new company due to concerns over what it described as 'malicious governance actions,' which could affect Zcash's development direction and community stability.
- Zashi Wallet Development: The Bootstrap board discussed external investment and privatization structures for the Zashi wallet, aiming to ensure future development complies with U.S. nonprofit law and aligns with Zcash's long-term mission, indicating a focus on the project's future.
- Stablecoin Launch: Wyoming's FRNT stablecoin is now available to the public, becoming the first fiat-backed stablecoin issued by a U.S. state, expected to provide funding for schools and reduce taxpayer burdens, further driving economic development in the state.
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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 | 25.049 | 104.809 | 182.089 | 261.849 | 339.129 | 418.889 | 496.169 |
| Fibonacci | 104.809 | 164.799 | 201.86 | 261.849 | 321.839 | 358.9 | 418.889 |
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