{"id":12933,"date":"2025-10-09T06:38:09","date_gmt":"2025-10-09T06:38:09","guid":{"rendered":"https:\/\/bitunikey.com\/news\/zcash-price-extends-rally-with-31-jump-but-technicals-show-signs-of-exhaustion\/"},"modified":"2025-10-09T06:38:15","modified_gmt":"2025-10-09T06:38:15","slug":"zcash-price-extends-rally-with-31-jump-but-technicals-show-signs-of-exhaustion","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/zcash-price-extends-rally-with-31-jump-but-technicals-show-signs-of-exhaustion\/","title":{"rendered":"Zcash price extends rally with 31% jump but technicals show signs of exhaustion"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Zcash price has continued its rally, but overbought signals and soaring open interest suggest its explosive surge may be nearing exhaustion.<\/p>\n<div id=\"cn-block-summary-block_f006126f2dd03b515f929207743fa798\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>ZEC up 31% in 24 hours and 244% this month amid renewed privacy demand.<\/li>\n<li>Derivatives volume up 75%, open interest up 54%, indicating rising leverage.<\/li>\n<li>RSI above 73 hints at short-term exhaustion despite strong uptrend.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Zcash is trading at $171.84, up 31% in the past 24 hours. The coin has gained 40% in a week and is now 244% higher over the past month, giving it a market cap of $2.8 billion. Its price touched $179.46, the highest since 2021.<\/p>\n<p>Trading activity continues to rise. Daily volume climbed 22.4% to $664.5 million, while <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/currencies\/ZEC\/futures\" target=\"_blank\" rel=\"nofollow\">data<\/a> from CoinGlass shows derivatives volume jumped 75.7% to $1.18 billion. <\/p>\n<p>A 54.4% increase in Zcash (ZEC) open interest to $227.2 million indicates that traders are placing more leveraged bets. Short-term gains may be supported by this, but if prices decline, there is a greater chance of abrupt liquidations.<\/p>\n<h2 class=\"wp-block-heading\">Privacy narrative drives renewed demand<\/h2>\n<p>Zcash\u2019s rally is part of a broader comeback for privacy-focused coins. Interest in anonymous transactions has increased as a result of growing concerns about blockchain surveillance and governmental oversight.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Leading commentators, such as Naval Ravikant, have hailed Zcash as \u201cinsurance against Bitcoin,\u201d igniting online debates. Retail attention and trading volumes surpassed $1 billion earlier this week as a result of the more than 1,000% increase in ZEC mentions on X.<\/p>\n<p>Additionally, institutional confidence is growing. Since its <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.grayscale.com\/funds\/grayscale-zcash-trust\" target=\"_blank\" rel=\"nofollow\">launch<\/a> in early October, Grayscale\u2019s Zcash Trust has amassed approximately $46 million in ZEC, providing accredited investors with a controlled means of increasing their exposure. This move has improved liquidity and reinforced ZEC\u2019s legitimacy in the eyes of traditional finance.<\/p>\n<p>The network activity of Zcash is also improving. Zashi wallet downloads on iOS have surpassed 12,000, while shielded transactions have risen 15.5% month over month. ZEC has been connected to more than 20 blockchains through cross-chain integrations such as THORSwap and Zashi CrossPay, which have handled over $9.5 million in private swaps.<\/p>\n<h2 class=\"wp-block-heading\">Zcash price technical analysis<\/h2>\n<p>Although ZEC\u2019s chart still appears bullish, there are early indications of exhaustion. Overbought signs are indicated by the commodity channel index at 109.35 and the relative strength index at 73.22.<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">ZCash daily chart. Credit: crypto.news<\/figcaption><\/figure>\n<p>The Williams %R at -11.09 suggests that buyers might be losing steam, but the awesome oscillator and MACD are still positive, confirming upward momentum.<\/p>\n<p>The price is still above all of the major moving averages, indicating that the overall trend is still in place. The 200-day SMA at $47.17 shows how far the rally has gone, while the 10-day EMA ($139.88) and 20-day SMA ($98.83) now act as short-term support. <\/p>\n<p>Although the average directional index at 60.75 shows a strong, established trend, there may be a possible cooling-off period prior to a new rally. Failure to hold $165 could result in a correction toward $150\u2013$155, while a clear break above $180 could pave the way toward $200.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Zcash price has continued its rally, but overbought signals and soaring open interest suggest its explosive surge may be nearing exhaustion. Summary ZEC up 31% in 24 hours and 244%&hellip;<\/p>\n","protected":false},"author":1,"featured_media":5268,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12933","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12933","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=12933"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12933\/revisions"}],"predecessor-version":[{"id":12934,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12933\/revisions\/12934"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/5268"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=12933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=12933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=12933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}