Key takeaways Zakash (ZEC) is trading around $1,300 on Friday, outperforming the broader cryptocurrency market. ZEC-centric ETF (ZCSH) recorded $10.99 million in net inflows on Thursday, bringing weekly withdrawals to $14.77 million. ZEC faces immediate resistance at $1,340, where a confirmed breakout could open the door towards $1,698, while $1,216 and $1,112 remain key support levels. ZEC held its strength around $1,300 on Friday, outperforming the major cryptocurrencies as the broader market struggled to recover from a selloff that saw more than $1 billion in liquidation the previous day. The privacy-focused cryptocurrency is trading around $1,290, supported by anticipation around its Network 7 (NU7) upgrade, which is scheduled to go live on Friday. The upgrade introduces significant changes to the Zakash blockchain, including faster block confirmations, retirement of older protected transaction pools, and a new mechanism designed to support the networks' long-term sustainability. However, institutional investment flows present a contrasting picture. Grayscale's ZEC-focused exchange-traded fund (ETF) posted nearly $11 million in net inflows on Thursday, while total weekly withdrawals reached $14.77 million. Despite ETF weakness, participation in the derivatives market increased, with Zakash Open Interest futures rising to 2.15 million ZEC. Technically, ZEC must overcome resistance at $1,340 to reinforce its bullish outlook and possibly extend its recovery towards $1,698. Zakash Resists Crypto Market Selloff Ahead of NU7 Upgrade Zakash has demonstrated relative strength despite a broad decline in cryptocurrency markets. The broader sell-off drove more than $1 billion in derivatives unwinding on Thursday as investors reduced exposure to risk-sensitive assets.

Key takeaways Zakash (ZEC) is trading around $1,300 on Friday, outperforming the broader cryptocurrency market. ZEC-centric ETF (ZCSH) recorded $10.99 million in net inflows on Thursday, bringing weekly withdrawals to $14.77 million. ZEC faces immediate resistance at $1,340, where a confirmed breakout could open the door towards $1,698, while $1,216 and $1,112 remain key support levels. ZEC held its strength around $1,300 on Friday, outperforming the major cryptocurrencies as the broader market struggled to recover from a selloff that saw more than $1 billion in liquidation the previous day. The privacy-focused cryptocurrency is trading around $1,290, supported by anticipation around its Network 7 (NU7) upgrade, which is scheduled to go live on Friday. The upgrade introduces significant changes to the Zakash blockchain, including faster block confirmations, retirement of older protected transaction pools, and a new mechanism designed to support the networks' long-term sustainability. However, institutional investment flows present a contrasting picture. Grayscale's ZEC-focused exchange-traded fund (ETF) posted nearly $11 million in net inflows on Thursday, while total weekly withdrawals reached $14.77 million. Despite ETF weakness, participation in the derivatives market increased, with Zakash Open Interest futures rising to 2.15 million ZEC. Technically, ZEC must overcome resistance at $1,340 to reinforce its bullish outlook and possibly extend its recovery towards $1,698. Zakash Resists Crypto Market Selloff Ahead of NU7 Upgrade Zakash has demonstrated relative strength despite a broad decline in cryptocurrency markets. The broader sell-off drove more than $1 billion in derivatives unwinding on Thursday as investors reduced exposure to risk-sensitive assets.