Despite a nearly 20% drop in price over the past week, strong fundamental confidence is emerging for Zcash [ZEC], suggesting the digital asset's outlook is better than its price chart indicates.
Major Institutional Bet on ZEC
- Strategic Shift: Reliance Global Group has made a bold move, completely shifting its entire Digital Asset Treasury (DAT) into ZEC, exiting all other holdings.
- Rationale: This decision followed a comprehensive review that concluded ZEC offers the strongest long-term value. The company cited Zcash’s core advantages as its privacy features, Bitcoin-based architecture, and compliance-ready design.
- CEO's Confidence: Ezra Beyman, Chairman and CEO of Reliance Global Group, stated that Zcash's "privacy architecture and institutional flexibility align more closely with our vision than a diversified crypto portfolio."
Market Pressure & Stabilization
- Price Action: ZEC is currently trading around $496 and has experienced a 13-18% decline against major crypto pairs (BTC, ETH, etc.), reflecting a recent "risk-off" environment.
- Selling Slows: The selloff appears to be stabilizing, with 24-hour price moves becoming mostly flat.
- Trader Sentiment: Open Interest (OI) remains relatively high near $695 million, indicating traders haven't fully liquidated positions. While Funding Rates are negative, showing a short bias, there is no sign of aggressive leverage buildup.
Technical Momentum Weakens
- Short-Term Downtrend: The price has fallen below the 20-day Exponential Moving Average (EMA), signaling weakened short-term momentum, though the longer-term trend (indicated by the 50, 100, and 200-day EMAs) remains intact far below.
- Fading Strength: Indicators like the Relative Strength Index (RSI) and Chaikin Money Flow (CMF) confirm that buying strength is fading and capital flows have turned negative.
ZEC is currently consolidating under selling pressure, creating an opportunity for recovery should demand return.
November 2025, Cryptoniteuae