-
After a 17% jump, Zcash has registered a daily breakout above the key price zone of 470-480 which is the structural zone.
-
The derivatives trading activity peaked when ZEC surpassed Solana in the perps volume with the highest volume of 2.97B in 24 hours.
-
Short liquidations totaled $8.5M while open interest rose 13%, linking price gains directly to futures positioning.
Zcash recorded a drastic day-to-day growth as trading on the privacy-centered resource intensified. The token shot up upwards in the session, recording a percentage gain in the double digits before stabilizing at the present levels. This advance unfolded alongside elevated derivatives activity, creating a tightly connected price and volume narrative. As trading progressed, chart structure and order flow began aligning with recent historical levels.
Daily Breakout Reshapes Short-Term Price Structure
Zcash shot about 17 percent in the session and hit an intraday high of about $527. Price leveled off thereafter at a level between $517 and $518. It is important to mention that the daily chart supported a decisive breakout above an earlier examined resistance area. This shift followed several weeks of higher lows, which gradually compressed price action.
As a result, the breakout released accumulated volatility. Moreover, the move placed ZEC firmly above the $470–$480 range. That area now defines the immediate structural level. Price also traded close to the reported resistance near $521.87 during the advance. Meanwhile, the daily range reflected expanding participation rather than isolated trades.
Derivatives Activity Intensifies During Weekend Session
At the same time, derivatives markets recorded a sharp increase in activity. Zcash surpassed Solana in perpetual futures trading volume during the session. Total 24-hour volume reached approximately $2.97 billion, representing about seven percent of the broader market. However, this expansion coincided with aggressive short positioning.
$ZEC made a strong move today.
Price jumped 17%, hit $527, and is now around $518.
Clean breakout on the daily chart.#ZEC also passed SOL in perps volume.
⁰24h volume reached $2.97B, about 7% of the market.
Weekend move, but shorts got hit hard.
⁰$8.5M liquidated, mostly… pic.twitter.com/IAzThXv5Qn
— Master of Crypto (@MasterCryptoHq) December 28, 2025
Data showed $8.5 million in liquidations, with shorts accounting for most forced closures. Consequently, open interest climbed 13% to 1.36 million ZEC. This combination linked price movement directly with leverage dynamics. Therefore, futures flows became a central driver of intraday volatility.
Key Levels Frame Near-Term Market Behavior
Following the breakout, price action narrowed around established technical references. Support currently sits near $487.24, closely aligned with the broader $470–$480 zone. Holding above that range keeps the recent structure intact. On the upside, price continues interacting with resistance around $521.87. Meanwhile, ZEC trades near 0.005884 BTC, reflecting parallel strength against Bitcoin. These levels now guide short-term positioning. As trading continues, volume concentration and open interest changes remain closely tied to price behavior.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BTC 15-minute drop of 0.54%: Liquidity worsens and whales actively reduce positions, putting short-term pressure on the market
From 22:15 to 22:30 (UTC) on 2026-04-14, BTC saw a short-term pullback of 0.54% within the high-range band of 73911.6 - 74314.4 USDT, with a return of -0.54%. During this period, market swings were evident, volatility intensified, attention from the market quickly increased, and downward pressure on the order book was prominent.
The main drivers behind this unusual move were the continued deterioration of market liquidity and a clear lack of order book depth, which made the BTC price extremely sensitive to large sell orders. At the same time, during the key time window, whale wallets carried out large transfers and also engaged in active de-risking,
GateNews1h ago
ETH 15-minute drop of 0.61%: Sell orders concentrate and release while bearish sentiment intensifies, increasing downward pressure
2026-04-14 22:15 to 2026-04-14 22:30 (UTC) during this period, on the 15-minute K-line, ETH recorded a -0.61% return, with a price range of 2313.68 to 2328.54 USDT and a fluctuation of 0.64%. During this period, market attention increased, trading volume expanded noticeably, and heightened short-term volatility sparked strong interest in the subsequent trend.
The main drivers behind this unusual move are the concentrated release of sell orders and continued net outflows of on-chain funds. Specifically, the sell volume share rose to 52%, higher than the buy side at 48%, indicating heavy selling pressure
GateNews1h ago
TAO Falls 6.9% in 24 Hours as Covenant Exit and Market Rotation Weigh on Price
Bittensor's TAO token fell 6.9% to $238.91 amid a week-long decline linked to Covenant AI's exit due to centralized control concerns. Competing AI tokens had smaller declines. Despite the downturn, TAO remains the top AI token by market cap, with Grayscale increasing its allocation.
GateNews2h ago
Bitmine advances to the NYSE main board! Tom Lee: The US stock market may have bottomed out, and selling pressure on Ether could ease
Bitmine has officially moved from the NYSE American board to the main board in the United States, marking a major milestone for the company. Despite a sharp drop in its stock price, it has still increased its share buyback plan by raising the authorization to $4 billion. The company holds a large amount of Ethereum, and predicts that a rebound in the crypto market will help improve its assets and stock performance.
CryptoCity2h ago
Solana Foundation Partners Triton One to Redesign Onchain Data Layer as SOL Gains 3%
The Solana Foundation is collaborating with Triton One to enhance its on-chain data access layer, improving scalability and data retrieval. The redesign features two core modules: Accounts for adaptive indexing and Ledger for efficient historical data management. SOL is currently trading around $84.
GateNews3h ago
Bitmine promoted to the NYSE Main Board! Tom Lee: U.S. stocks may be at a bottom, and selling pressure on Ether could ease
Bitmine has officially moved from the NYSE American board to the main board in the U.S., marking an important milestone for the company. Despite a sharp drop in its share price, it has still increased its share repurchase program to $4 billion. The company holds a large amount of Ether (ETH), and expects that a rebound in the crypto market will help improve its assets and share price performance.
CryptoCity5h ago
