A cup-and-handle pattern in Zcash could drive an 88 percent price increase.
Analysts point to technical signals suggesting ZEC may climb to $1,091 by June or July if momentum in privacy coins continues.
በAI የተዘገበ በ AI የተሰራ ምስል
Zcash has recovered about 45 percent from its recent low after developers proposed the Ironwood upgrade to address a supply verification issue. The privacy-focused cryptocurrency traded near $437 on Monday, though it remains down 22 percent for the week. The move comes after a patched bug in the Orchard pool triggered last week's sell-off.
Zcash has gained 37 percent after multicap capital disclosed a significant position in the privacy-focused cryptocurrency. The move comes amid broader interest in assets that offer protection from wealth seizure risks.
በAI የተዘገበ
Bitcoin climbed to a two-month peak near $78,000, driven by easing geopolitical tensions and growing investor confidence. Ethereum and altcoins such as XRP and BNB also posted gains. Analysts highlight technical indicators suggesting potential for further upside to $84,000.
Bitcoin climbed past $62,000 on July 2 as weaker-than-expected US employment figures reduced expectations for Federal Reserve rate hikes.
በAI የተዘገበ
Bitcoin stayed above 80,000 dollars on Friday while altcoins led gains across crypto markets. Coinbase shares recovered 10 percent from session lows after the exchange reported a quarterly loss.