{"id":31433,"date":"2026-10-16T22:52:07","date_gmt":"2026-10-16T22:52:07","guid":{"rendered":"https:\/\/pettysackingforum.com\/?p=31433"},"modified":"2026-10-16T22:52:07","modified_gmt":"2026-10-16T22:52:07","slug":"zcash-jumps-6-in-two-days-despite-fresh-grayscale-outflows-can-zec-break-1320","status":"publish","type":"post","link":"https:\/\/pettysackingforum.com\/?p=31433","title":{"rendered":"Zcash jumps 6% in two days despite fresh Grayscale outflows: can ZEC break $1,320?"},"content":{"rendered":"
<\/div>\n

Zcash (ZEC) rose 2% Wednesday, extending Tuesday\u2019s 4% advance and recovering much of the ground lost during Monday\u2019s sell-off.<\/p>\n

The privacy-focused cryptocurrency traded around $1,264 as buyers challenged nearby technical resistance. However, persistent withdrawals from Grayscale\u2019s Zcash-focused fund continue to weigh on the demand picture.<\/p>\n

The recovery has improved short-term momentum, but ZEC still needs to clear its moving-average resistance zone and Monday\u2019s peak to establish a stronger bullish outlook.<\/p>\n

Grayscale\u2019s ZCSH records further redemptions<\/h2>\n

Grayscale\u2019s ZCSH fund posted $5.19 million in net outflows Tuesday, according to SoSoValue data<\/a>.<\/p>\n

The withdrawals followed $1.66 million on Monday and $30.72 million across the previous week. Together, the first two sessions of this week produced $6.85 million in net redemptions.<\/p>\n

Selling pressure has persisted since late September, coinciding with the fund\u2019s September 30 three-for-one share split. The timing alone does not establish that the split caused the withdrawals.<\/p>\n

These figures show that the rebound in ZEC\u2019s spot price has yet to coincide with renewed buying through the investment product. <\/p>\n

Continued redemptions remain a headwind as traders assess whether the recent gains can develop into a sustained recovery.<\/p>\n

For the demand outlook to improve, a slowdown in redemptions or a return to net inflows would provide a more supportive signal alongside the strengthening price momentum.<\/p>\n

Zcash technical forecast: ZEC tests $1,261\u2013$1,269 Moving-Average zone<\/h2>\n

On the four-hour chart, ZEC has recovered from Tuesday\u2019s low near $1,123 and is testing its declining 50-period and 200-period exponential moving averages.<\/p>\n

The averages sit at approximately $1,261 and $1,269. At $1,264, ZEC is slightly above the shorter-term average but remains below the longer-term barrier.<\/p>\n

A sustained move above this narrow zone would strengthen the immediate recovery. Repeated rejection could leave the token vulnerable to renewed selling.<\/p>\n

The price structure therefore remains mixed, with improving momentum meeting overhead resistance.<\/p>\n

The Relative Strength Index has risen to around 48, indicating modest positive momentum but remains below its neutral midpoint.<\/p>\n

The Moving Average Convergence Divergence line is also marginally above its signal line, supporting a tentative bullish shift.<\/p>\n

For a more convincing recovery, ZEC needs to reclaim $1,320, the peak established Monday on the four-hour chart.<\/p>\n

A sustained break above that level could bring $1,422 into focus. That price corresponds to the September 18 low identified in the analysis and now serves as a potential upside resistance target.<\/p>\n

<\/figure>\n

If the rebound fades, Thursday\u2019s low near $1,115 provides the next important downside reference.<\/p>\n

Below that, support stands around $1,050, corresponding to the September 4 high. The psychological $1,000 level offers a further threshold to watch.<\/p>\n

Zcash\u2019s immediate direction hinges on whether buyers can maintain momentum through the moving-average zone. Clearing $1,320 would reinforce the recovery, while failure to overcome resistance could expose the lower support levels again.<\/p>\n

The post Zcash jumps 6% in two days despite fresh Grayscale outflows: can ZEC break $1,320?<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Zcash (ZEC) rose 2% Wednesday, extending Tuesday\u2019s 4% advance and recovering much of the ground lost during Monday\u2019s sell-off. The privacy-focused cryptocurrency traded around $1,264 as buyers challenged nearby technical resistance. However, persistent withdrawals from Grayscale\u2019s Zcash-focused fund continue to weigh on the demand picture. The recovery has improved short-term momentum, but ZEC still needs […]<\/p>\n","protected":false},"author":1,"featured_media":31434,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[],"class_list":["post-31433","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news"],"_links":{"self":[{"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/posts\/31433","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31433"}],"version-history":[{"count":0,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/posts\/31433\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/media\/31434"}],"wp:attachment":[{"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}