Overview
- ZEC rose nearly 12% to an intraday high near $360 before easing to about $350, extending a rebound off the $300 area.
- Robinhood said it would list ZEC, and the announcement coincided with about a 4% jump, with trading live on Robinhood Crypto in New York.
- On the 4-hour chart, ZEC broke out of a descending channel and trend gauges flipped bullish, with sellers likely between $337 and $361 and a clean move clearing a path toward $400.
- Grayscale filed to convert its Zcash Trust into a spot ETF, which analysts estimate could attract $500 million to $2 billion if regulators approve it.
- On-chain data show more coins parked in Zcash’s shielded pools and a 2024 halving cut new supply, tightening the tradable float as the project secures $25 million to advance tools like the cashZ wallet and Zashi upgrades.