$ZEC experienced a significant short liquidation of $50.8K at $76.64, indicating a sharp upward price movement.
This could signal a short squeeze, where short sellers are forced to buy back positions, pushing the price higher.
$ZEC price is influenced by its privacy features, market sentiment, competition, and regulatory risks.
Traders should watch for further momentum and key resistance levels around $80–$85, while also considering the potential impact of broader market trends and regulatory news.