Zcash Rebounds 7% Amid Ecosystem Funding and Whale Accumulation

Zcash has experienced a 7% rebound, driven by new ecosystem funding and significant accumulation by large holders. According to NS3.AI, on-chain data indicates that Solana-based Zcash whales and mega-whales have increased their holdings over the past week, while exchange balances have decreased by approximately 46%. Analysts suggest that if Zcash can maintain a position above $227, it could pave the way toward resistance levels between $249 and $252. Conversely, a decline below $211 or $191 could undermine or invalidate the current bullish outlook.