Zcash Price Rebounds 15% as Bulls Eye $300 Resistance
Zcash price rebounded 15% to $224 after finding support at its 20-day EMA of $187.75. The Stochastic RSI recovered from oversold territory, signaling fading selling pressure. Derivatives metrics show a long/short ratio of 1.3 and open interest climbing to $170.6 million, reflecting renewed leverage-driven buying. Liquidity clusters near $300 with roughly 1.49 million in leverage and emerging demand at $200–$210 highlight key zones. Retail traders are accumulating around current levels, forming historical entry clusters. Sustained upside for Zcash price requires further institutional participation and rising trading volume. Traders should monitor volume and short-liquidation risks at $210 en route to re-testing the $300 resistance. A break above $300 could set sights on its all-time high of $391.
Bullish
The rebound off the 20-day EMA, recovery in the Stochastic RSI, and rising open interest indicate renewed leverage-driven buying for Zcash. Strong demand around key liquidity zones and retail accumulation clusters signal buyer confidence. If trading volume and institutional participation continue to increase, ZEC is poised to challenge the $300 resistance and potentially revisit its all-time high, supporting both short-term rallies and longer-term bullish momentum.