- ZEC jumped over 89% in seven days after breaking key resistance near the $405-$397 zone.
- Zcash volume surged 113% to $1.77B as RSI hit 86.27, showing heavy buying pressure.
- Short liquidations hit $59.18M, helping push ZEC toward a new yearly high near $580.
Zcash rallied sharply today after a powerful seven-day advance pushed the privacy-focused token more than 89% higher. The move followed a successful retest of the $336-$302 support zone, which gave buyers a fresh base for a breakout.
ZEC then cleared the $405-$397 resistance area, aligned with the 38.60% level, before breaking above the $553-$528 zone. That level was last seen in December, making the latest move a major technical shift for the asset.
ZEC Breakout Builds Momentum as Trading Volume Doubles
At press time, ZEC traded near $580 after gaining 39% in 24 hours and setting a new yearly high. The token also remained strong on higher timeframes, with a 127% monthly gain and a 1,518% year-over-year increase.
The rally was further supported by an 113% jump in 24-hour trading volume to $1.77 billion. That increase showed stronger market participation as buyers pushed the token beyond key short-term resistance levels.
Momentum indicators also reflected the intensity of the move. The 14-day Relative Strength Index stood at 86.27, placing the token in overbought territory and showing heavy buying pressure.
The price action points to a momentum-driven breakout. Traders moved into the rally after the support retest and resistance break, creating a fast move above earlier price ceilings.
Short Liquidations Fuel ZEC Rally as Traders Add Exposure
Derivatives data added another layer to the rally. According to CoinGlass data, liquidations reached $62.38 million, with short positions accounting for $59.18 million. Long liquidations, on the other hand, stood at only $3.19 million.
That imbalance shows that bearish traders were forced out as the price moved higher, adding more buying pressure during the advance. Similarly, Open Interest climbed to a new yearly peak near $1.16 billion.
The increase indicated that traders kept more positions open instead of closing exposure during the rally. Meanwhile, broader access helped draw more market attention. Robinhood now lists Zcash for trading, giving retail investors another major U.S.-facing venue to buy the token.
The platform describes Zcash as a privacy-focused blockchain derived from Bitcoin. It also notes that withdrawals are limited to unshielded addresses, a detail that keeps the asset’s privacy features central to the discussion.
That privacy narrative added another layer to the rally. Zcash uses shielded transactions designed to hide sender, receiver, and transaction amount data. According to reports, the network relies on zk-SNARK technology, which verifies transactions without revealing private transaction details.
Multicoin’s Tushar Jain also amplified that narrative on X. He said the firm had built a significant ZEC position since February and described the asset as a return to crypto’s cypherpunk roots. Jain linked demand for private assets to rising interest in censorship and seizure resistance.
Related: Zcash Price Prediction: ZEC Surges 30% as Bulls Eye $600 Target
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