Zcash (ZEC) recovers to over $240 amid wider crypto market fluctuations, having risen over 31% from a low of $185. However, declining open interest in futures indicates fragile trader confidence. For a sustained rally, open interest must increase alongside prices.

Investors should monitor open interest levels closely, as a rise could signal stronger market confidence. Conversely, continued decline may suggest caution. The cryptocurrency market remains volatile, and external factors can influence price movements significantly.
### Market Outlook
- **Positive Signs**: Price recovery and increased trading volume
- **Negative Signs**: Falling open interest and market uncertainty
In conclusion, while Zcash shows signs of recovery, traders should remain vigilant and consider multiple indicators before making investment decisions.