ZCash jumps on $25 million ZODL funding, but key $250 resistance still deters ZEC buyers

ZCash's ZEC token rallied about 8% with a 43% surge in daily trading volume after the ZCash Open Development Lab secured over $25 million in seed funding. While the higher timeframe trend remains bullish and suits multi-year investors, short-term traders are watching the $250–$251.4 resistance area as a crucial level that must flip to support before a clearer bullish setup emerges.