Zcash Jumps 13% to $1,316 as Traders Eye $1,375 Resistance
- —ZEC trades near $1,316 with a $22.32 billion market cap and $1.186 billion in 24-hour volume
- —ZEC futures volume rose 28.88% to $7.37 billion; open interest gained 19.05% to $2.95 billion
- —Two large traders opened 10x long positions on 29,798 ZEC worth about $37.57 million
- —The NU7 activation decision is set for Nov. 6, cutting block times from 75 to 25 seconds
Why it matters: A break above $1,375 would confirm the recovery; rejection at that level could expose ZEC to renewed selling.
Source: The Crypto Times