Zcash’s price surged after its Bitget listing, boosting liquidity and drawing traders back to privacy‑focused assets.
This surge establishes early momentum because market participants respond quickly to fresh exchange support. Moreover, ZCash’s [ZEC] price gains seem to be credible as inflows strengthen and sentiment improves.
The initial breakout offers bulls a foundation, yet the chart still requires confirmation near the $360–$390 zone. However, buyers keep pushing firmly, which elevates expectations for a broader trend shift.
The listing also increases visibility for ZEC, drawing speculative interest that now fuels ongoing volatility.
Can ZEC price extend its breakout momentum?
The ZEC price breaks cleanly above its descending channel as buyers reclaim levels that previously limited upside attempts.
This breakout carries weight because the structure now supports a shift toward higher lows, which strengthens the broader recovery.
Additionally, MACD momentum improves as the line crosses upward, and histogram bars expand, reflecting stronger conviction among bulls.
The chart shows clear resistance near $443, where traders gauge continuation strength.
However, a decisive close above that mark creates space toward $526 and potentially $605, especially if momentum stays aligned with expanding volume.
These structural elements now guide trader expectations for sustained progress.
Source: TradingView
Zcash sees leverage return as open interest jumps
At press time, Open Interest (OI) rose more than 11% to $946.46 million as traders increased their leveraged exposure into the developing trend.
This shift matters because elevated OI often accompanies aggressive participation from short-term and momentum-driven traders.
Furthermore, the rise aligns with the improving Zcash price structure, suggesting traders anticipate additional upside.
However, higher OI also introduces more volatility because crowded positioning amplifies market reactions.
The alignment between OI expansion and MACD strength shows that participants commit capital with growing confidence.
These intertwined factors help support the current trajectory, yet stability above present OI levels must hold to drive further continuation.
Source: CoinGlass
ZCash price strengthens as shorts face heavy losses
Liquidation flows show clear pressure on short sellers as they lose $3.64M compared to only $678K in long liquidations. This imbalance matters because sellers struggle to defend key levels while buyers maintain control.
Moreover, the skew toward short liquidation signals that bearish traders exit positions in unfavorable conditions, which accelerates upward movement.
Additionally, reduced long-side liquidations reflect stronger demand and consistent dip accumulation as ZEC price climbs.
However, traders still watch the $360 zone, since any sharp reversal invites renewed volatility. The current liquidation pattern reinforces the trend’s bullish tilt toward higher resistance levels on the chart.
Source: CoinGlass
Conclusively, the Zcash price continues to push higher as strong momentum, rising OI, and aggressive short-side pressure drive confidence in the current trend.
Moreover, the ZEC price now benefits from a breakout structure that supports continued advancement toward higher resistance levels.
Traders still monitor key zones closely, yet current market behavior shows bulls holding firm control as upside potential grows.
Final Thoughts
- Zcash’s breakout structure, rising open interest, and short‑side pressure reinforce bullish momentum toward higher resistance.
- Traders remain focused on key zones, but current market dynamics show bulls firmly controlling upside potential.
Source: https://ambcrypto.com/zcash-surges-after-bitget-listing-will-zec-retest-605-next/
