🔎 What’s going on with Zcash now

$ZEC has seen a substantial rebound recently: after a steep drop, the price bounced ~20–35% and is attempting to reclaim key resistance around $375–$420.

The rally seems partly driven by renewed demand for privacy-focused cryptocurrencie. Over 30% of ZEC’s supply is now “shielded”, meaning held in private, encrypted addresses rather than transparent wallets — pointing to increased real usage, not just speculation.

On the technical and protocol side, recent upgrades by Electric Coin Company (ECC) have strengthened the network: features like address-rotation and “temporary transparent addresses” aim to improve privacy, usability, and reduce transaction correlation.

⚠️ What’s holding ZEC back / Risks

Despite the rebound, bearish pressure remains: some analysts warn that unless critical supports hold, ZEC could slide back toward $300 or lower.

The broader crypto market sentiment — and interest in “risk assets” — still plays a large role. Because ZEC is somewhat uncorrelated with major coins like Bitcoin, a weak overall market or regulatory headwinds could weigh heavily.

✅ What to watch

Whether ZEC can hold above key supports (around $344–$375) and break past resistance (around $420–$475) — that will likely determine the next move.

Continued adoption of shielded addresses & privacy features — if more supply gets “shielded,” that reduces circulating supply and could support price.

Further development/upgrade announcements from ECC: new privacy, interoperability, or usability enhancements could reignite institutional or broader retail interest.

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