Zcash jumps 16% yet liquidity warns caution – Can ZEC break $385?

ZEC +20.66%

Zcash extended its breakout attempt as market sentiment improved and buyers pushed momentum higher. Intraday strength and rising long positions are adding pressure to the upside — but liquidity suggests caution.

▫ ZEC trades at $397 after a 16% daily surge, with volume up 45% to $965M, showing stronger participation.

▫ Price is again retesting the key $383–$385 resistance, a level rejected six times since Nov 20.

▫ A daily close above $385 could open a clean path toward $480, the next major resistance block.

▫ Failure to break above this zone may weaken the structure again.

▫ ADX at 22.91 signals weak trend strength despite the jump.

▫ Price remains above the 200-day EMA, keeping the broader trend supportive.

Derivatives & Liquidity Check

▫ Intraday traders are heavily positioned long.

▫ Major liquidation zones: $366.4 (support) and $407.4 (resistance).

▫ Funding Rate rises to 0.0064%, confirming bullish positioning.

▫ $12.18M in exchange inflows shows some holders preparing for profit-taking near resistance.

Final Take

▫ ZEC looks structurally cleaner, but liquidity pockets keep sentiment cautious.

▫ A confirmed hold above $385 is needed for momentum toward $480.

▫ Watch inflows — they may shape short-term conviction.

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