Institutional Flows Fuel Zcash BNB & Virtuals Protocol Rally
Zcash jumped 13.7% after Grayscale launched a Zcash-focused investment vehicle, driving institutional flows and forming a cup-and-handle breakout above $295 targeting $320–$340. BNB rebounded 1.3% from the $1,040–$1,080 demand zone after regulatory relief for Binance founder, eyeing a break above $1,143 towards $1,376. Virtuals Protocol surged 12.9% with a 103% volume spike amid AI and metaverse optimism, clearing $0.88 and setting sights on $1.18 and $1.40. Volume expansion and institutional inflows underscore market confidence. Traders should monitor support levels at $232 for Zcash, $1,120 for BNB and $0.88 for Virtuals Protocol to assess the sustainability of this rally.
Bullish
Institutional flows via Grayscale’s ZEC vehicle and regulatory relief for Binance founder have fueled strong buying pressure in Zcash and BNB. Virtuals Protocol benefited from AI/metaverse optimism driving volume spikes. Technical breakouts—Zcash’s cup-and-handle, BNB’s demand-zone rebound, and Virtuals Protocol’s resistance break—signal potential continuation of uptrends. In the short term, traders may capitalize on momentum with clear entry points at key supports. Long-term stability hinges on sustained institutional involvement and broader market sentiment, suggesting a bullish outlook overall.