Zcash (ZEC) has steadied around the $469 mark following a 4.82% rise that pushed the price up to $477.61 during the past 24 hours.
Current Price Level and Trading Activity
The cryptocurrency opened the day at $444.72 before climbing toward key resistance zones. At the time of writing, ZEC trades near $469.51, while daily volume has slipped to approximately $451.32 million.
Coinglass reports indicate a 24‑hour liquidation total of $2.96 million, reflecting heightened activity among investors monitoring the blockchain asset.
Technical Outlook
If buying pressure sustains, the next hurdle appears around $470.65, with a potential golden‑cross formation that could lift Zcash above $472.38. Conversely, bearish momentum may drive the price down to the nearest support at $468.22, and a death‑cross scenario could see it dip below $466.39.
Both scenarios hinge on whether the market maintains its current bullish spark or succumbs to a broader correction, influencing crypto traders and long‑term holders alike.