Zcash surged 11.8% over two days as its integration with THORChain sparked renewed market interest. This development allows native swaps, enhancing liquidity access by eliminating the need for wrapped assets and centralized intermediaries. The price rise reflects both technical recovery and expectations of improved network interoperability.
ZEC's price approached the $350 resistance level, with increased trading volume indicating strong market participation. Despite the rally, long-term pressure persists, as the 200 EMA remains above the current price. Sustaining momentum above the 100 EMA is crucial for further gains, potentially targeting the $400 range.
Zcash Rallies 11.8% Following THORChain Integration
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