Zcash Price Prediction: Can ZEC Break $1,250 With OI Surging?

• ZEC holds above $1,061 as strong moving averages support further upside momentum.
• Open interest reaches $2.17 billion, signaling stronger speculation and higher volatility risks.
• Spot outflows of $1.05 million suggest selling pressure despite ZEC’s bullish price structure.

Zcash (ZEC) has extended its bullish run, with price strength supported by rising derivatives activity and elevated market participation. ZEC recently traded near $1,166 after reaching the $1,250 area before entering a modest pullback. 

The token still trades well above its major daily moving averages. Hence, the broader trend remains firmly bullish despite signs of cooling buying pressure. 

ZEC Price Holds a Strong Technical Structure

ZEC continues to maintain a bullish structure on the daily chart. The price remains comfortably above its 20-day EMA at $1,020.90. Additionally, the 50-day…

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