$ZEC Zcash
is currently trading at $393.97, with an 8.62% increase. The 4-hour technical analysis shows a neutral sentiment, with the RSI at 39.40, indicating a potential shift from downtrend to uptrend. The moving averages are bearish, with support at $340 and resistance at $411 ¹ ².
*Key Technical Indicators:*
- _RSI (14)_: 39.40 (neutral)
- _Moving Averages_: Bearish
- _Support_: $340
- _Resistance_: $411
*Fundamental Analysis:*
Zcash's price is influenced by global market sentiment, macroeconomic data, and monetary policy expectations. The metal's demand is driven by industrial uses, jewelry, and investment. Recent updates include a $1.18 million donation from the Winklevoss twins to Shielded Labs, fueling optimism for technical upgrades ³ ².
*News Updates:*
- SEC closes probe into Zcash Foundation, removing regulatory uncertainty
- Zcash forms a bullish pennant pattern, targeting 90% upside
- Whale accumulation amid weakness suggests large players see value at lower levels ³
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