Zcash Price Forecast: ZEC extends decline as retail demand steadies | Crypto Craft

  • Zcash Price Forecast: ZEC extends decline as retail demand steadies

    From fxstreet.com

    Zcash (ZEC) is trading above $630 at the time of writing on Friday, after extending its intraday decline to $595. Despite ZEC's correction from a heavy supply zone at $700, the privacy-oriented token is showing signs of stability, which could see it regain momentum heading into the weekend. Zcash derivatives have extended their rebound, with futures Open Interest (OI) stabilizing above the $1 billion on Friday. OI, representing the notional value of outstanding futures contracts, must steadily rise, signaling growing trader optimism and risk appetite. The coming days will help gauge sentiment, with higher OI backing ... (full story)

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