$ZEC

DeFi Catalyst: ZEC increased by 3.9% after Rhea Finance launched ZcashFi, introducing lending opportunities and generating new yields for ZEC holders.

Fragile Recovery: The price bounced off the support level of $383 but remains below important EMA lines, facing significant resistance at $393.

Bullish Inflow: A net inflow of +$8.05M in one hour indicates renewed interest from institutions despite the overall market being in a state of concern.

New Yield Opportunities: Binance launched the Dual Investment product (3.65%+ APR) and offers flexible Simple Earn products (~1.49% APR) for ZEC.

Weak technical reaction of ZEC

The price increased by 3.88% to around $398 but remains below important EMA lines. The current support level is at $383, while the resistance level is at $393. The recent inflow of +$8.05M shows buying interest; however, the MACD indicator is still negative.

The launch of ZcashFi enhances utility

Rhea Finance has launched ZcashFi, allowing ZEC holders to lend, borrow, and earn yields up to 2% APY. This new DeFi integration provides significant utility and may be the reason ZEC is performing positively amid the market downturn. ​

New investment opportunities on Binance

Dual Investment: Sign up to receive yields of 3.65% or higher.

Simple Earn: Flexible products offer an estimated APR of around 1.49%.

Futures Trading: ZECUSDC perpetual contracts are now available with leverage up to 75x. ​