What to know:
- ZEC open interest jumps 10.35% to $1.02B, showing rising trader confidence and stronger derivatives participation.
- ZEC stays above the 20-week SMA ($319.37) with a bullish MACD crossover supporting upward momentum.
- Analysts eye a potential move toward $600 if bullish momentum and breakout structure continue.
Zcash (ZEC) is moving in a positive price trajectory, as BTC has started upward movement, which has impacted the overall crypto market. Furthermore, its rising open interest also points to a positive outlook. According to CoinMarketCap, ZEC is currently trading at $431.7, with a 24-hour gain of 4.77%.
Source: CoinMarketCap
ZEC Rising Open Interest Points to Positive Outlook
According to Coinglass, the ZEC open interest rose by 10.35%, reaching $1.02 billion, signaling increased participation in the derivatives market, as more traders opened and maintained positions, reflecting growing confidence, stronger engagement, and expectations of potential price movements.
Source: Coinglass
However, trading volume fell by 28.73% to $1.88 billion, indicating a slowdown in overall market activity, with fewer transactions taking place, which may suggest cautious sentiment or a temporary pause in momentum across the broader market.
Also Read: Zcash (ZEC) Rally Above $380 Signals Possible Run Toward $420 Zone
ZEC Rally Gains Momentum, Eyes $600 Breakout
Furthermore, the crypto analyst Javon Marks revealed that ZEC has staged a powerful rally, climbing from around $249 to approximately $428, delivering gains of nearly 70% and drawing renewed attention across the crypto market.
The breakout above key resistance levels signals strong bullish momentum, with price action forming higher highs and reinforcing confidence that this upward trend may still be developing further.
Source: Javon Marks’ X Post
The current structure is expected to yield further gains of about 60-70%, which may push ZEC above the high $600 region if momentum continues.
The growing interest in privacy coins and strong performance of the overall altcoins market are driving the move, but there may still be some dips or corrections along the way due to increased volatility.
ZEC Technical Indicators Point to Bullish Outlook
According to TradingView, the weekly chart for ZEC shows an attempt to break the level of $800 in late 2025 and then starts to experience a significant correction.
After the creation of a low around $200, the price was able to move upwards and reached the level of $431.27. Currently, ZEC moves above the 20-week SMA of $319.37, indicating a change in medium-term trend to a positive one.
Source: TradingView
The technical outlook seems positive, as indicated by the bullish crossover on the MACD. The changing direction to green on the histogram means that the buying force is gaining momentum as the price makes its way towards the upper band at $510.73.
Technical analysis indicates that the token is accumulating gains as it prepares for a test of higher resistances.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: Zcash (ZEC) Rally Builds Momentum After Breakout, Eyes $423 Price Target
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