Zcash holds near $1,300 as NU7 upgrade fuels bullish momentum

Key takeaways Zcash (ZEC) trades around $1,300 on Friday, outperforming the broader cryptocurrency market. Grayscale’s ZEC-focused ETF (ZCSH) recorded $10.99 million in net outflows on Thursday, bringing weekly withdrawals to $14.77 million. ZEC faces immediate resistance at $1,340, with a confirmed breakout potentially opening the door toward $1,698, while $1,216 and $1,112 remain key support levels. Zcash (ZEC) maintained its strength around $1,300 on Friday, outperforming major cryptocurrencies as the broader market struggled to recover from a selloff that triggered more than $1 billion in liquidations the previous day. The privacy-focused cryptocurrency traded around $1,290, supported by anticipation surrounding its Network Upgrade 7 (NU7), scheduled for activation on Friday.

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