Will Zcash Price Continue To Rally Or Fall Flat After Its 4-Year High?
While most altcoins are nonetheless attempting to get well from the current crypto market crash, the Zcash (ZEC) worth appears to be dwelling in a special world. The privacy-focused token has climbed almost 74% up to now week, holding agency whereas others wobbled.
What’s driving this power isn’t hype — it’s conviction. Both massive holders and retail merchants are quietly shopping for the dips, and ZEC’s worth chart exhibits that momentum might nonetheless have some room left. But with extra upside comes just a few dangers, too.
Buyers Refuse to Back Down as Money Keeps Flowing In
Zcash’s shopping for stress has held regular even via the market-wide panic. Both institutional and retail exercise have stayed robust, the 2 segments that often transfer in reverse instructions throughout crashes.
The Money Flow Index (MFI), which tracks shopping for power and buying and selling quantity, sits above 95, exhibiting that merchants are nonetheless actively shopping for at increased costs.
Meanwhile, the Chaikin Money Flow (CMF), which displays bigger or institutional exercise, stays optimistic round 0.25, confirming that huge gamers haven’t stepped away.
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Together, these tendencies clarify why the ZEC worth rebounded so sharply after briefly dipping to $150 on October 10 (threatened by the crash).
Buyers shortly absorbed the autumn, sending the ZEC price back to almost $290. This constant influx of cash — from each retail and whales — has stored Zcash’s uptrend intact even when a lot of the market turned purple.
However, CMF hasn’t but climbed again to its early-October peak. That means whereas shopping for is powerful, full-scale institutional momentum hasn’t absolutely returned. If massive cash picks up once more, the Zcash worth rally might simply stretch additional.
Leverage Traders Could Be the Spoiler
The solely main threat for the Zcash price proper now lies within the derivatives market. Data from Bybit’s ZEC/USDT liquidation map exhibits that the market is closely tilted towards lengthy positions — $21.49 million in cumulative lengthy leverage versus simply $3.43 million in shorts.
That means most merchants are betting on ZEC’s worth to maintain rising. But if the value drops out of the blue towards $178, all these leveraged longs might begin getting liquidated, creating a series response of pressured promoting — just like what triggered the current broader crash.
So whereas spot shopping for stays robust, leverage merchants could be constructing a stress level that might spark short-term volatility if sentiment shifts.
Can Zcash Hold Its Ground Above $250?
Zcash’s daily chart exhibits that the rally remains to be technically sound. The token continues to commerce inside an ascending triangle, with Fibonacci ranges offering robust construction. At press time, ZEC sits round $287, with speedy help close to $251.
If the value manages to carry that stage — and if shopping for stress continues from each retail and whales — ZEC might transfer towards $331, which is the following resistance to beat. A day by day shut above that will doubtless open the door to $461, persevering with the robust run.
But if leveraged positions begin to unwind, the primary fallback zones sit round $223 and $170. Those can be key areas for dip patrons to step in once more if the rally cools off.
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