According to CoinMeta, Zcash ( ZEC ) fell by 1% on Tuesday, despite a significant rebound on Monday. This decline occurred against the backdrop of an increasing adoption rate of Ironwood and enhanced derivatives activity, which supported demand for Zcash. The current trading price of Zcash is above $500 and is approaching the peak of a symmetrical triangle pattern. A breakout above the trend line could enhance bullish prospects and bring the $600 range into focus. Data from zkp.baby shows that the volume of protected trades for Ironwood reached 3.07 million ZEC on Monday, accounting for about 70% of the total ZEC in the protected pool. Meanwhile, the trading volume of the old Orchard pool has dropped to 761,889 ZEC. The derivatives market for Zcash also shows a resurgence in retail participation; according to CoinMeta data, the number of open futures contracts for ZEC decreased by 1% in the past 24 hours, to $924.16 million. The trading price of Zcash on Tuesday remained above $500, maintaining a slightly bullish technical outlook, with the 50-day EMA providing initial support around $490.