- A 5% gain of Zcash has pushed the price to $390.
- Daily trading volume for ZEC is up by over 20%.
After a brief recovery attempt, the crypto market opened the day with mixed sentiment, showing both red and green charts across tokens. The broader market sentiment is still fearful, as the Fear and Greed Index value is at 37. Bitcoin (BTC), the largest asset, is hovering at $89K, attempting to escape the bear trap
Meanwhile, one of the top trending coins is Zcash (ZEC), which has posted a 5.26% gain over the last 24 hours. In the early hours, the asset traded at a bottom of $370.66, and with a mighty bullish shift, the ZEC price has tested and broken many crucial resistance ranges and likely climbed to a high of $403.46
At the time of writing, Zcash trades within the $390.84 zone, with its daily trading volume having increased by over 20.8%, reaching the $573.97 million mark. In addition, the market has experienced an event of 24-hour liquidation of $4.00 million worth of ZEC, as reported by the Coinglass data
Zooming in on the recent trading charts, the ZEC/USDT pair has the bullish control in the market. The price could move up to its nearest resistance at around $400.26. An extended upside pressure triggers the bulls to gain more traction, along with the formation of the golden cross, sending the price up above $411.38
Conversely, assuming the Zcash bears initiate a move on the downside, the price might retrace and test the immediate support at the $380.53 level. Further potential bearish correction could strengthen the bears and push the death cross out to unfold, and eventually drive the asset’s price even lower below $369.11.
Zcash Eyes Higher Ground: Technicals Flash Optimism
Zcash’s technical analysis exhibits that the MACD line is found above the signal line, which is a bullish sign. This crossover hints that the potential upward momentum is building. Moreover, the CMF indicator at 0.11 is bullish, with a positive money flow into the asset. ZEC’s buying pressure is stronger than its selling, supporting price strength or an upside continuation
*ZEC chart (Source: TradingView)*The daily RSI of 62.13 suggests moderate bullish sentiment, and it might approach the overbought zone. Significantly, this leaves enough room for further upside for ZEC. Furthermore, the BBP reading of Zcash at 25.78 is strongly bullish, with the bulls dominating price action over the bears. Notably, it points to a short-term overheating if it spikes too fast
Top Updated Crypto News
Eric Trump Shares BTC Holdings of American Bitcoin Corp Months After Nasdaq Debut
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
PEPE Price Outlook: The Case for a Surprise ‘Disbelief Rally’ Ahead
PEPE shows weak sentiment with falling price, volume, and Open Interest.
Heavy short bias may trigger a surprise rally through liquidation clusters.
Range-bound price suggests a possible trap before continuation of bearish trend.
PepeCoin — PEPE, has taken another hit, and sentiment
CryptoNewsLand9m ago
Crypto Fear and Greed Index Drops to 30, Signals Panic State
Gate News message, April 25 — The Crypto Fear and Greed Index currently stands at 30, down 8 points from yesterday, according to Coinglass data. The seven-day average is 33, while the 30-day average is 18, indicating a shift toward panic sentiment in the
GateNews1h ago
Not Too Late Yet: Altcoins Eye Rapid Move Ahead of Economic Uncertainty — 5 Picks Investors Are Watching
Market rotation is splitting attention between meme coins and infrastructure-driven blockchain projects.
TAO and FIL reflect stronger alignment with emerging tech and data infrastructure narratives.
DOGE and SHIB remain primarily driven by retail sentiment and short-term volatility
CryptoNewsLand4h ago
Bitcoin Quantum Computing Threat Is Manageable, Real Issue Is Governance: Analyst
Gate News message, April 25 — Bitcoin analyst James Check said quantum computing poses a "manageable risk" rather than a systemic threat to Bitcoin, according to CoinDesk. Approximately 1.7 million BTC are held in Satoshi-era addresses, which could face risk if quantum computing breaks elliptic
GateNews4h ago
Positioned or Left Behind? Altcoins Show Pre-Breakout Momentum with 150%+ Upside — 5 Coins Worth Buying Today
Liquidity is rotating selectively into both DeFi and infrastructure tokens.
Meme assets show higher volatility compared to utility-driven protocols.
Market conditions resemble early-stage accumulation before potential expansion phases.
Market participants are observing renewed accumulati
CryptoNewsLand6h ago
Altcoins Are Not a Lottery: Why Discipline Beats Hype — Top 5 Crypto Coins Worth Buying This Cycle
Markets favor disciplined allocation over hype, with Chainlink/Uniswap tied to DeFi liquidity, and stablecoins as buffers; altcoin cycles face structural shifts amid cautious, liquidity-driven strategies.
Abstract: The article highlights a secular shift in crypto markets from speculative cycles to disciplined, liquidity-aware allocation. It links Chainlink and Uniswap activity to actual DeFi usage and liquidity trends, while stablecoins USDT and USDC serve as buffers amid uncertainty. The outlook emphasizes macro conditions and liquidity shifts as primary determinants of market direction, with institutional actors adopting structured approaches.
CryptoNewsLand6h ago
