• Zcash (ZEC) records over 11% daily gains and 42% weekly growth.
• Trading volume spikes nearly 90%, signaling increased investor activity.
• Price holds strong above $327 support, keeping the bullish outlook intact.
• Negative funding rates may trigger a short squeeze.

Zcash (ZEC) is witnessing strong bullish momentum and a steady surge in value. In the last 24 hours, the token has risen by nearly 11.3%. Over the past week, ZEC has gained 42.79%, reflecting growing investor confidence and strengthening market interest in the privacy-oriented digital asset.

At the time of writing, Zcash is trading at around $360.0 with a 24-hour trading volume of $1.43 billion, up 89.91% in a day. Its market capitalization has reached $5.88 billion, marking an 11.36% increase. The spike in both price and trading activity highlights ZEC’s renewed strength and expanding market participation.

Also Read: Zcash (ZEC) Price Prediction: Strong Bullish Setup Points Toward $610 Rally

ZEC Price Shows Strong Bullish Momentum

ZEC displays strong bullish momentum after breaking above $310 and reaching $360.48. Price is extended, so immediate entries carry a higher risk. The $327 level acts as a crucial support, and holding above it could trigger another push toward $390–$410. Volume confirms strength, signaling continued market interest and institutional participation.

According to crypto analyst @LennaertSnyder, if $327 fails to hold, the next key support lies between $305 and $320, marking a previous consolidation zone. This level presents the perfect entry for reversal-based long strategies, given that it may demonstrate stabilization. However, breaking down the $300 level will undermine the strength of the bullish pattern, hinting at a possible deeper pull-back.

However, ZEC is still in an aggressive uptrend on both 4-hour and daily charts, performing better than several other coins. Traders should avoid chasing pumps and instead focus on confirmed pullbacks or reversal signals. Support above $327 will keep the uptrend scenario viable, while a pull-back from $310 could start the uptrend again.

Zcash Rally Gains Momentum Despite Negative Funding

According to the data from Coinglass, the open interest level has also climbed by 8.22% to $553.37 million, pointing towards strong speculatory participation. This strong volume also logically validates market participation, leading to rising confidence in the ZEC market’s escalating pattern.

Meanwhile, the OI-weighted funding rate has dropped to -0.0217%, meaning that people holding short positions are actually liquidating by paying people holding long positions. The negative funding, rising Open Interest, and increasing prices confirm that there is strong pressure building that could lead to a short squeeze.

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