- ZEC jumped 600% from the $28 buy zone, now nearing $200 with sights on $308.
- Grayscale Zcash Trust launch attracted over $46M, sparking strong institutional interest.
- Trading volume and open interest surged, confirming aggressive bullish positioning.
Zcash (ZEC) is on fire, blasting over 600% from its buy zone of $24–$28 and now aiming for $200. Trading at $147.22 today, ZEC pumped 12% in 24 hours and 153% this week alone. With big volume and bullish heat, the privacy coin’s breakout run is far from over. Eyes now on $200+.
Institutional Demand Sparks Unstoppable Rally
Zcash’s explosive rally kicked off after the launch of the Grayscale Zcash Trust, giving accredited investors a fresh way to get in. The trust quickly pulled in $46 million, with shares priced at $9.70—a major boost for ZEC’s credibility in the eyes of institutions.
Riding that momentum, ZEC smashed through key resistance at $120 and flew past the 61.8% Fibonacci level at $111. It peaked near $185, with the RSI soaring above 92 and MACD flashing green. The chart showed a classic parabolic move, signaling powerful bullish energy and renewed investor confidence.
Price Action Shows Strategic Pullback and Support Zones
Despite a short-term correction from $185 to around $147, ZEC maintains a strong bullish structure. The price is now hovering above a critical pivot zone at $33.81, which previously served as both resistance and support. Analysts identify the $24.71–$28.00 zone as a high-probability area for accumulation, supported by Fibonacci retracement and historical structure.
The weekly chart shows a clear breakout from accumulation, with price catapulting from the buy zone to a current level of $147.21. A continuation above $189 could open the door to the next major resistance at $308.46, aligning with the long-standing breakout target.
Futures Data Supports Bullish Continuation
ZEC’s derivatives market is heating up fast. Futures volume has soared to $1.32 billion, leaving spot volume of $217 million far behind. Open interest jumped to $181 million, showing traders aren’t just watching—they’re all in.
What’s more, liquidations dropped 14%, pointing to smarter, more stable leverage in play. The long-to-short ratio leans slightly bullish, hinting at growing confidence without the hype.
Binance and Bybit are seeing serious action, proving ZEC has the market’s full attention. This isn’t just a hype rally anymore—Zcash is showing structure, strength, and staying power. With momentum on its side, the $308 target is now firmly in sight.
