Key Takeaways
Why is ZEC gaining once more?
Worth rebounded 15% to $224 after holding above its 20-day EMA, signaling renewed purchaser energy.
What do Zcash’s derivatives present now?
Open Curiosity hit $170 million and Lengthy/Brief Ratio 1.213, supporting a continued transfer towards $300 liquidity clusters.
Zcash [ZEC] rebounded sharply after days of promoting strain, rising 15% in 24 hours as patrons reclaimed management.
The restoration started when costs bounced off the 20-day EMA at $187.75, marking the beginning of a short-term uptrend.
ZEC traded at $224.20 on the 18th of October, extending its two-day rally whereas momentum strengthened.
Supply: TradingView
The Stochastic RSI hovered close to 5.82 / 6.85, rebounding from oversold ranges. This indicated that promoting momentum was fading and positioned ZEC for a doable retest of the $300 resistance zone.
Consumers dominate the derivatives market
Derivatives metrics bolstered the identical outlook.
AMBCrypto’s evaluation of Coinalyze knowledge confirmed that the Aggregated Lengthy/Brief Ratio stood at 1.3, signaling a powerful bias towards lengthy positions.
That shift mirrored bettering sentiment after a chronic bearish stretch.
Supply: Coinalyze
Since mid-October, this ratio has persistently remained above 1.0 alongside a gradual rise in Open Curiosity, which climbed to $170.6 million.
This mirrors ZEC’s earlier mid-October setup, when Open Curiosity surged to $237 million amid sturdy retail inflows—an episode that preceded its earlier 12% each day rally towards $300.
Collectively, these readings spotlight merchants’ rising confidence and trace at continued upside potential as brief liquidations cluster close to $210.
Supply: Coinalyze
Liquidity zones favor one other push greater
Based on CoinGlass, a number of liquidity clusters lie above the abovementioned costs.
The most important sat at $300 at press time, backed by roughly 1.49 million in liquidation leverage—marking it as the subsequent high-interest zone.
Supply: CoinGlass
This setup supported the view that ZEC might lengthen its rally towards $300, supplied buying and selling quantity holds.
Nonetheless, the Liquidity Heatmap additionally confirmed new demand forming between $200–$210, making a short-term assist base that might gas one other rally if buying and selling quantity continues to rise.
