Zcash Price Skyrockets 40%: Will ZEC Hit $750 or Drop Below $600?

Zcash has seen a significant rally over the past week, with its price surging nearly 40% to around $675.

This uptrend pushed ZEC close to the $680-$700 resistance zone, an area that previously halted price increases.

The price surge can be attributed to several factors, including momentum traders and renewed institutional attention. Additionally, interest in privacy-focused cryptocurrencies has contributed to the rally.

Derivatives trading also played a substantial role, with ZEC futures volume reaching approximately $4.55 billion compared to about $553 million in spot volume.