Zcash (ZEC) prices collapse $ 52, as the maximum market is approaching 870 million dollars on upward flows

• Zcash (ZEC) has increased by 12.48 % over the past 24 hours, as it has been traded at $ 52.24.
• The maximum market increased to 865.42 million dollars, driven by a strong trading volume.

Zcash (ZEC) increased by 12.48 % over the past 24 hours, which prompted its price to $ 52.24. This sharp movement raised the market value to 865.42 million dollars, Thinking 11.04 % increase. Meanwhile, 24 -hour trading volume reached 85.98 million dollars, with 12.39 %, which pushed a maximum to 10 %.

The circulating offer is still fixed at 16.65 million from ZEC, with reports of its total supply of 16.71 million. The fully diluted evaluation (FDV) is $ 1.09 billion, while the total number of ZEC holders has reached 10.87 K. ZCash is now ranked 79 in global encryption categories, supported by increasing demand and renewable investor activity.

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On the daily chart, ZEC shows a clear momentum. The level of $ 45 works as strong support, while $ 55 He appears As an immediate resistance. If the bulls scan 55 dollars, the price may extend about $ 60. However, the collapse of less than $ 45 would offer $ 40 like the following support zone.

RSI sits in 61.76, with a slightly higher RSI line at 65.78. This difference indicates the momentum of cooling, but it still supports the upward continuity. Both lines remain higher than 50 neutrals, indicating that the purchase force is still intact. If RSI 70 regains, excessive conditions in the peak field may lead to reservation.

CHAIKIN Money Flow (CMF) reads at 0.13, which represents fixed capital flows to ZEC. This number, remaining above the zero threshold, confirms the confidence of the continuous investor and continuous accumulation. As long as the CMF exceeds 0.1, ZEC may continue in its upward path.

The patterns of candlesticks show the bullish formations with the last green closure. Daily size tapes highlighting consistent trading interests. The short -term moving average is now less than the price, and it works as a possible support. No declining intersection was formed, which also indicates that the ZEC’s upward structure is still unbearable.

If the $ 55 resistance bulls violate, then the next potential peak is about $ 60. On the contrary, if the price drops below the moving average, ZEC may re -visit the support set of 45 to 40 dollars. However, feelings remain positive as technical indicators prefer buyers.

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