Zcash (ZEC) is rallying on Tuesday, surging above the $450 mark as retail momentum cooled following last week’s rally. The privacy-focused cryptocurrency is showing signs of weakening retail participation, with futures traders reducing leveraged positions even as broader market sentiment remains cautiously optimistic. From a technical standpoint, ZEC is approaching a decisive area that could determine whether the next move is a breakout above resistance or a deeper correction toward longer-term support. Open Interest surges as traders increase exposure Recent derivatives data indicate that retail enthusiasm for Zcash continues. According to CoinGlass, ZEC futures Open Interest (OI) increased by nearly 3% over the past 24 hours to approximately $788.52 million, reflecting a surge in outstanding leveraged positions.
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