Zcash price rejected at $500 resistance, yet charts point to another rebound

The post EdgeX breaks out of 30-day consolidation – Can bulls push EDGE to $0.80? appeared on BitcoinEthereumNews.com. EdgeX [EDGE] has firmly sided with the bulls, with the asset climbing an impressive 34% over the past day at press time, as sentiment across the market reflects growing strength from buyers. The analysis shows that while the asset has already gained ground, concerns remain over whether the momentum holds long enough to clear the unfilled liquidity gap sitting ahead of price. For now, market sentiment still favors the bulls. EdgeX rally breaks out of a 30-day consolidation EDGE’s rally stems from a breakout of the descending consolidation pattern the asset had traded within for roughly thirty days, as price moved between key support and resistance levels. While the market carries a decent level of optimism following the recent breakout, the asset still needs to post substantial growth to clear the $0.39 to $0.42 range, which currently acts as supply. Source: TradingView

The post Zcash (ZEC) Price Prediction: ZEC Tests Critical $490 Resistance as Analysts Target Higher Fibonacci Levels appeared on BitcoinEthereumNews.com. While several market analysts see room for additional upside if the Zcash price clears key Fibonacci resistance, others remain cautious, arguing that the recent rally has yet to invalidate broader bearish patterns. The divergence in market views comes as Zcash reaches a notable network milestone, with 80% of its total supply now mined, reinforcing discussions around scarcity and the project’s long-term sustainability. Zcash price approaches major Fibonacci resistance Crypto analyst CryptDollar highlighted that ZEC is currently testing a confluence of technical resistance levels on the daily chart. These include the 0.786 Fibonacci retracement, the upper Bollinger Band, and horizontal resistance around $490 on the Kraken exchange. ZEC is testing the 0.786 Fibonacci retracement, upper Bollinger Band, and key resistance near $490, with s

The post XRP Eyes a Top 5 Comeback—Can the Price Break Above $1.20? appeared on BitcoinEthereumNews.com. The post XRP Eyes a Top 5 Comeback—Can the Price Break Above $1.20? appeared first on Coinpedia Fintech News The XRP price has come under renewed selling pressure, plunging nearly 3% over the past 24 hours as it continues to trade within a descending channel that has kept buyers on the back foot for weeks. Every recovery attempt has so far been met with fresh selling, leaving the token stuck below key resistance despite … Source: https://coinpedia.org/price-analysis/xrp-eyes-a-top-5-comeback-can-the-price-break-above-1-20/

The post Bitcoin whale places $31M short bet – Will BTC drop to $60K again? appeared on BitcoinEthereumNews.com. Bitcoin [BTC] has closed at lower lows for two consecutive days for the first time in ten days. At press time, Bitcoin traded at $62,714, down 1.04% on the daily charts. Amid this price pullback, traders, especially whales, have begun shorting the market.  Bitcoin whale opens a $31M short As BTC faced rejection, falling to $62k, a whale jumped into the market and opened a short position.  According to Onchain Lens, a whale opened a 40x short position on 493 BTC worth $31 million. With BTC declining, the whale is already sitting on $220k profit after spending $2k in funding fees.  Moreover, the whale’s decision to open a short position showed strong pessimism, anticipating the market to continue declining.  Source: Coinglass Interestingly, this was not an isolated case. After briefly spiking above 1 across all exchanges, the Long/Short Ratio fell back to 0.97 as of writing. 

The post Zcash Founding Scientist Challenges Bitcoin’s 21 Million Cap appeared on BitcoinEthereumNews.com. StarkWare CEO Eli Ben-Sasson, a founding scientist of the privacy coin Zcash, challenged Bitcoin’s 21 million cap this week. He argued that lost private keys will steadily shrink the usable supply and proposed a 4% annual issuance limit instead. The pushback was immediate, since Bitcoin supporters treat the fixed supply as the network’s founding promise. Zcash creator Zooko Wilcox answered with a rival design that keeps hard caps intact. Bitcoin Maximum Supply. Source: BeInCrypto Why Ben-Sasson Says Bitcoin’s 21 Million Cap Fails Ben-Sasson helped invent the STARK proof system now used across crypto and co-authored Zerocash, the 2014 design behind Zcash. His critique starts from the numbers on lost coins. Chainalysis estimated that 2.78 million to 3.79 million BTC were already unrecoverable by 2017. The figure assumes Satoshi Nakamoto’s untouched coins are gone for good. Courts ar

The post Could Bitcoin’s 21 Million Supply Cap Change? Zcash Co-Founder Makes Bold Proposal appeared on BitcoinEthereumNews.com. In a post, Zcash co-founder Eli Ben-Sasson proposes rethinking Bitcoin’s fixed 21 million supply cap. According to Ben-Sasson, capping the supply of Bitcoin at 21 million BTC does not make sense. This is because, over time, keys will be lost. He believes that this will eventually happen over an infinite time horizon. The maximum number of Bitcoins that can ever exist is 21 million BTC. This hard cap on the total Bitcoin supply is a fundamental part of Bitcoin’s monetary policy, which is designed to promote scarcity and prevent inflation. Bitcoin creator Satoshi Nakamoto encoded this limit into the cryptocurrency’s source code. Ripple-Operated Rail Dropped by Major Software Company XRP, Shiba Inu (SHIB), Solana (SOL) and Bitcoin (BTC) Price Analysis for June 8: Momentum Is Not Fueled Yet Zcash Co-Founder Suggests Bitcoin Move Away From Fixed 21M Supply Cap and

The post Zcash Price Prediction 2026: ZEC At $469 After A 19.5% Week appeared on BitcoinEthereumNews.com. On July 8, 2026, every asset in the crypto top 8 declined over 24 hours. Zcash, ranked 14th, rose 4.7%. Over seven days it gained 19.5%, the strongest performance of any large-cap asset on the board. This analysis covers the structure of that move and the two conditions that determine whether it extends: volume persistence and the $440 level. ZEC trades at $469.57 as of July 8, 2026, per CoinGecko. Market cap: $7.88 billion. 24-hour volume: $518.4 million. Weekly change: +19.5%. The Unique Angle: strength against the tape Correlation is the default state of crypto. On red days, nearly everything is red; dispersion is the exception and therefore the information. Today’s tape: Bitcoin minus 0.3%, Ethereum minus 0.9%, XRP minus 3.0%, Solana minus 4.0%, BNB minus 1.8%. ZEC: plus 4.7%. A sub-$500 million token rising against that tape would carry no signal; thin books produce random pri

The post Shiba Inu Price Prediction: Can Robinhood’s 109M SHIB Burn Break the Triangle Before It Breaks Down appeared on BitcoinEthereumNews.com. Robinhood burned over 109 million SHIB in one transaction, the largest single burn in recent weeks The 24-hour SHIB burn rate jumped 3,096% with the 7-day rate up 680% SHIB is compressing inside a descending triangle with all EMAs above price Shiba Inu trades at $0.00000429 on July 8, down 2.05%, as an unprecedented Robinhood-driven burn spike hits the blockchain while the chart shows price trapped inside a tightening triangle. Is SHIB Approaching A Breakout Or Breakdown From Its Triangle? SHIB 1D Price Action (Source: TradingView) The daily chart shows SHIB inside a descending triangle that has been forming since May, with lower highs pressing against a flat support line near $0.0000040-$0.0000042. The Bollinger Bands have tightened sharply, with the upper band at $0.00000475 and the lower band at $0.00000404, one of the most compressed read