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Futures
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NEW
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$ZEC Zcash's upward movement is driven by technical strength, sector-specific positive factors, and an advantageous position in US regulations. Although overbought signals suggest a short-term correction, the 61.8% Fibonacci level at $386.83 remains a strong support level.
Key point to watch: Can ZEC hold above $500 by the December 28th option expiration, which has an open value of $48 million? A closing price above $525 could trigger a gamma squeeze.