- Zcash (ZEC) surged 12.48% over the past 24 hours, trading at $52.24.
- The market cap rose to $865.42M, driven by strong trading volume.
Zcash (ZEC) surged 12.48% in the past 24 hours, pushing its price to $52.24. This sharp movement lifted the market capitalization to $865.42 million, reflecting an 11.04% increase. At the same time, 24-hour trading volume hit $85.98 million, a 12.39% jump, pushing the volume-to-market-cap ratio close to 10%.
Circulating supply remains steady at 16.65 million ZEC, nearing its total supply of 16.71 million. The fully diluted valuation (FDV) stands at $1.09 billion, while the total number of ZEC holders reached 10.87 K. Zcash now holds the 79th spot in global crypto rankings, backed by rising demand and renewed investor activity.
Will ZEC surge further?
On the daily chart, ZEC shows clear momentum. The $45 level acts as strong support, while $55 appears as immediate resistance. If bulls clear $55, the price could extend toward $60. However, a breakdown below $45 would expose $40 as the next support zone.
RSI sits at 61.76, with the RSI average line slightly higher at 65.78. This divergence suggests cooling momentum but still supports bullish continuation. Both lines stay above neutral 50, indicating buying strength remains intact. If RSI reclaims 70, overbought conditions may trigger profit booking.
The Chaikin Money Flow (CMF) reads at 0.13, marking steady capital inflows into ZEC. This figure, remaining above the zero threshold, confirms sustained investor confidence and ongoing accumulation. As long as CMF holds above 0.1, ZEC may continue its upward trajectory.
Candlestick patterns show bullish formations with recent green closes. Daily volume bars highlight consistent trading interest. The short-term moving average now trends below the price, acting as a potential support. No bearish crossover has formed, which further suggests ZEC’s upward structure remains undisturbed.
If bulls breach the $55 resistance, the next potential peak stands around $60. Conversely, if the price falls under the moving average, ZEC might revisit the $45–$40 support cluster. However, sentiment remains positive as technical indicators favor buyers.
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