Zcash: Hits Eight-Year High as Futures Bets Double

Zcash surged to an eight-year high as open interest in futures contracts nearly doubled, pushing the price to $822.18.

Traders positioned aggressively on the long side amid renewed privacy coin interest, lifting ZEC well above both the 50-EMA at $684.95 and the 200-EMA at $562.58.

On the 4h chart, price sits inside the Bollinger Bands with upper resistance at $914.04 and lower support at $693.26; RSI at 63.87 remains neutral while the MACD death cross at 58.13 warns of near-term momentum loss, suggesting a possible retracement toward the 50-EMA before any extension higher. ZEC price prediction models now factor this confluence as the next key inflection point.