After a spectacular surge in recent weeks, Zcash (ZEC) continues to captivate traders' attention. Surging volumes, bullish technical indicators, and whales bolstering their positions. Is this trend sustainable or just a flash in the pan?
Analysis of capital flows reveals consistent accumulation over several weeks. Zcash daily trading volumes have exploded, regularly exceeding $300 million during the most active sessions. This persistence in elevated volumes differs from the sporadic spikes typically observed during short-term speculative pumps.
Centralized exchanges report a notable increase in buy orders at the order book level. Support zones between $40 and $45 have absorbed significant volumes without giving way, demonstrating solid buying conviction from investors. This healthy market structure typically favors sustainable rallies rather than ephemeral price surges.
The Open Interest on ZEC futures contracts is also increasing significantly. This metric indicates that institutional traders are taking positions, potentially anticipating a major directional movement. The Long/Short ratio currently leans in favor of buying positions, an encouraging technical element for bulls.
Active addresses on the Zcash network have increased by nearly 35% over the past two months. This organic growth in on-chain usage suggests that the token is attracting new users beyond mere trading speculation. Real adoption remains the fundamental driver of any sustainable price appreciation.
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Several factors are converging to support the case for a substantial rise. Global crypto regulations are tightening, mechanically driving demand toward privacy solutions like Zcash, Monero, or Secret Network. Institutional investors are gradually diversifying their allocations toward these niche assets.
The macroeconomic context also plays a favorable role. ZEC’s historical correlation with Bitcoin remains present, but the token demonstrates an ability to outperform during expansion phases of the global market. If BTC were to reach new ATHs, Zcash could amplify this movement with disproportionate gains.
Upcoming technical developments include the implementation of cross-chain functionalities and potential integration into major DeFi ecosystems. These technical upgrades would considerably broaden ZEC’s use cases and its available liquidity across different protocols.
However, caution remains necessary. The crypto market remains inherently volatile, and price predictions always carry a significant margin of error. Technical resistances located between $70 and $80 represent critical zones to monitor. A rejection at these levels could delay or invalidate the bullish scenario.
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