Zcash (ZEC) rallied sharply on Friday, soaring nearly 17% in a single day to reclaim a spot among the top 12 cryptocurrencies by market capitalization, according to data.
Key Takeaways
- •ZEC surged 16.8% in the last 24 hours, reaching $630.63 — its highest level since early 2025.
- •Trading volume jumped 40.8% to $2.48 billion, signaling renewed speculative momentum.
- •A technical breakout above $548 resistance triggered $18.8 million in liquidations, confirming a shift in short-term market structure.
The privacy-focused digital asset climbed to $630.63, marking a multi-month high and extending its 7-day gain to more than 25%. Zcash’s total market cap now stands at $10.27 billion, while 24-hour trading volume spiked to $2.48 billion, up 40% from Thursday.
Technical Breakout Confirms Bullish Momentum
ZEC’s breakout above the $548 resistance level, its previous 2025 high, triggered a wave of short liquidations worth $18.8 million, according to derivatives data.
The MACD histogram flashed a bullish crossover (+13.95), while the 7-day RSI surged to 92.18, indicating extreme buying pressure and overbought conditions.
Analysts note that traders are now eyeing the 127.2% Fibonacci extension at $663.37, which could act as the next resistance zone.
“A sustained close above $630 would confirm trend continuation, potentially opening the path toward $800,” they wrote.
Momentum vs. Caution
While the bullish setup remains strong, traders warn of potential short-term pullbacks due to overheated indicators.
Historically, RSI readings above 90 have often preceded brief consolidation phases before new uptrends resume.
If Zcash holds above $600 support, analysts expect further upside into the weekend as traders rotate into privacy coins amid renewed volatility across the broader crypto market.