Zcash (ZEC) shielded pools hit record highs; eyes $400
Zcash (ZEC) surged about 25% to ~$330, extending its monthly gain to ~60%, after new Zcash dashboard data showed shielded pool holdings hit a record $5.18B (31.14% of circulating supply).
This shift implies more ZEC is being moved into privacy features, with the article linking it to rising regulatory pressure on on-chain surveillance. It also notes risk-on sentiment returning after news of a possible U.S.–Iran ceasefire.
Technically, ZEC broke above the upper trendline of a descending triangle formed since Dec 2025. Supertrend flipped green and MACD rose above the zero line, turning momentum bullish. Traders are watching Fibonacci levels: ZEC tests the 38.2% retracement near $332. If it holds and breaks higher, resistance is flagged around $375 (50% retracement) and $400 as a psychological level. A fall below ~$278 would risk a pullback toward ~$190.
Key trigger for short-term trades: strength through $332/near-term resistance, with $400 as the next upside magnet—while losing ~$278 increases downside risk.
Bullish
Both articles converge on the same catalyst: ZEC’s shielded pool holdings hitting a record $5.18B (31.14% of circulating supply). That sustained move into privacy infrastructure can attract demand and supports a constructive narrative, especially amid tighter regulatory scrutiny. The latest update also reinforces broader risk-on sentiment, which tends to lift high-beta or narrative-driven assets.
On the chart, the descending triangle breakout and improving momentum (Supertrend green, MACD above zero) increase the probability of continuation trades. The stated levels define a clear trading map: holding near ~$332 keeps the path open to ~$375 and then the $400 psychological area. Conversely, a breakdown under ~$278 would invalidate the bullish setup and raises odds of a retracement.
Net effect on ZEC itself is bullish, with near-term upside biased unless key supports fail.