In a world where most altcoins are shaking in their boots after the crypto market’s latest tantrum, Zcash (ZEC) is casually sipping a margarita, sitting at a different table. A 74% surge in the past week? Well, that’s just a regular Tuesday for this privacy-focused hero.
Don’t be fooled by the “hype” – there’s something deeper at play here. Both the big fish and the everyday traders are diving in headfirst, buying up dips like they’re on a shopping spree. And judging by the price chart, this rollercoaster might still have a few more loops left. But, of course, the higher you climb, the more dangerous the fall, right? 🤔
Buyers Keep Buying, No One’s Backing Down
Despite the whole market turning into a dumpster fire, Zcash’s buying pressure has held strong. Both big investors and retail traders have been steady, which is rare – normally, one of them would panic and run for the hills. But not Zcash. No sir.
The Money Flow Index (MFI) – which tracks how much cash is flowing into Zcash – is chilling above 95, meaning traders are still happily shelling out for higher prices. Meanwhile, the Chaikin Money Flow (CMF), which measures institutional buying, is hanging out around 0.25, which is like a silent “thumbs-up” from the big money crowd.
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These trends explain why the ZEC price shot up faster than a rocket after briefly dipping to $150 on October 10 (thanks to that little market “crash” we all know and love). Buyers jumped in, and ZEC quickly soared back to nearly $290. It’s like watching a movie where the hero keeps saving the day. But there’s a catch…
Despite the price surge, CMF hasn’t yet reached its pre-crash highs. So, while buying pressure is high, the full-on institutional stampede hasn’t quite arrived. If the big money floods back in, brace yourself – Zcash might just keep rising. 🚀
Leverage Traders: The Market’s Potential Spoilers
The real danger lurking around the corner? Leverage traders. According to Bybit’s ZEC/USDT liquidation map, it’s an all-you-can-eat buffet of long positions – a whopping $21.49 million in long leverage versus just $3.43 million in shorts.
What does this mean? Well, most traders are betting on ZEC’s price to keep climbing. But if the price suddenly plummets toward $178, those long positions are going to get liquidated faster than you can say “market crash” – sparking a chain reaction of forced selling. It’s like a bomb waiting to explode, and you’re just hoping it doesn’t go off. 💣
So, while the spot buying remains strong, those leveraged traders could throw a wrench in the gears if the sentiment shifts. Talk about a plot twist!
Will Zcash Hold Its Ground Above $250?
Looking at Zcash’s daily chart, the rally is technically still sound. It’s been playing in an ascending triangle like a seasoned pro, with Fibonacci levels keeping everything in check. As of now, ZEC is sitting pretty around $287, with support near $251.
If Zcash can hold that level (and if buyers keep flooding in), the next stop could be $331. Cross that hurdle, and we’re looking at $461. But if the leverage traders start unwinding, expect the first fallback zones to be around $223 and $170. Those levels will be the next battleground for dip buyers – if the rally loses steam.
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2025-10-12 16:57