Zcash jumps 6% as traders eye breakout above key $560 resistance

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Zcash (ZEC) is the best performer among the top 20 cryptocurrencies by market cap, adding over 6% to its value. The rally has allowed ZEC to reclaim the $560 mark, with the bulls now targeting higher liquidity zones. The technical outlook remains extremely bullish, with momentum indicators suggesting further room for growth. ZEC surges 6% as volatility returns ZEC is trading at $566 at press time on Tuesday, outperforming the broader cryptocurrency market. The positive performance comes as retail interest in Zcash returns. According to CoinGlass, ZEC’s futures Open Interest (OI) now stands at $1.23 billion, up 35% over the last 24 hours.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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