ZEC has just increased more than 10% in the past 24 hours, shifting the market movement from decline to strong increase.
This recovery wave helps Zcash attract attention thanks to positive signals from technical analysis and the return of institutional capital.
MAIN CONTENT
ZEC increased over 10%, shifting the trend from declining to increasing.
Open Interest reached its highest level since July, signaling institutional activity.
Large selling liquidity clusters may create pressure; strong buying capital is needed to sustain the upward trend.
ZEC has just seen a strong price increase; what caused this breakout?
ZEC increased over 10% in the past 24 hours, becoming the center of attention due to a breakout from the previous downtrend. According to the latest data, the current uptrend marks a clear transition in market structure, restoring confidence for investors and the community.
This bounce was triggered after the price of ZEC recovered from a key demand zone, coinciding with the Fibonacci retracement level—a factor that often reinforces the reliability of an upward price trend. Improved price action supports confidence in a positive technical outlook. If on-chain indicators continue to show positive signals, the $57 resistance area may soon be tested in the upcoming phase.
This transformation particularly attracts the attention of the public and investors as the cryptocurrency market remains highly volatile. ZEC stands out as one of the best-performing tokens compared to the overall market.
What indicates that large institutions are returning to the ZEC ecosystem?
The Open Interest (OI) of ZEC has reached its highest level since early July, according to data from CoinGlass. This is the clearest sign that institutional investors and whales are returning to the ZEC market, igniting hopes for new capital.
"An increase in OI combined with rising prices indicates that new money is flowing in rather than just closing short positions—an important driver for sustainable recovery."
– CoinGlass report, 2024
In the derivatives market, increasing OI alongside rising price action is often a signal of a new trend formation. Cryptocurrency market history indicates that institutional investment flows can sustain upward momentum over multiple sessions. Conversely, if it is just closing short positions, the trend will quickly reverse.
The strong presence of large investors not only helps push the price of ZEC but also maintains stable liquidity, contributing to the momentum for subsequent upward movements.
What impact does the large liquidity cluster ahead have on the upward momentum of ZEC?
According to in-depth analysis from AMBCrypto based on on-chain liquidity data from Coinglass, a large number of sell orders are densely packed just below the current price level of ZEC. This poses a notable obstacle for buyers if they want to maintain strong upward momentum.
To extend the upward trend, ZEC requires continuous buying pressure strong enough to absorb the remaining supply in this area. If buying power is insufficient or diminishes, the price may face correction pressure or stagnate. However, if institutional capital continues to sustain, the likelihood of testing resistance levels will occur sooner than expected.
In the context of the overall market having gone through many strong corrections, ZEC is currently a bright spot as it combines two important factors: increasing open interest and a shift in technical structure. Maintaining buying pressure at liquidity clusters will play a decisive role in the next trend of this token.
Liquidity, technicals, and confidence: Where will the future of ZEC go?
The recent price increase of ZEC has highlighted the role of technical analysis and the momentum from institutional capital in the cryptocurrency market. However, the important question is whether this bounce will transform into a long-term trend.
"ZEC needs to overcome large selling liquidity clusters to establish a sustainable upward wave. Only a decisive breakout can affirm the strength of the buyers."
– Market analysis, AMBCrypto, 2024
An important part is the response level between buyers and sellers at specific price levels. If ZEC absorbs all the supply at the liquidity clusters ahead, it means establishing a sustainable upward foundation in the medium and long term. Conversely, any signs of fatigue from buying pressure could end this short-term increase, returning the advantage to selling pressures.
The upcoming path of ZEC depends heavily on the strength of capital flow, support from institutions, and responses at critical liquidity points.
How does the current price of ZEC compare to other strongly recovering cryptocurrencies?
Compared to other tokens, ZEC stands out as one of the few that recorded an increase of over 10% in the past 24 hours, despite the overall market continuously adjusting. This somewhat affirms the solid technical foundation and the interest of institutions in Zcash.
The table below summarizes the recovery performance of several prominent tokens during the recent market volatility wave:
Token 24h Growth (%) Open Interest (OI) Change ZEC +10.2 Highest since July 2024 Token X +6.1 Not significant Token Y +4.5 Stable
Thus, ZEC is one of the rare names that has both seen a strong rise and attracted large OI, creating a solid foundation for breaking through the next resistance levels.
Frequently Asked Questions
What caused ZEC's recent strong increase?
ZEC surged over 10% in 24 hours thanks to a recovery from a key demand zone and the return of institutional capital, confirmed by a high OI according to CoinGlass.
How do large liquidity clusters affect the price of ZEC?
Dense sell orders may exert price correction pressure if buying strength decreases but can also be quickly absorbed if institutional capital remains strong.
What does increasing Open Interest (OI) reflect?
Increasing open interest along with rising prices indicates that new money is flowing into ZEC, a common signal when large investors re-enter the market.
What is the next resistance level for ZEC?
The $57 mark is currently identified as the next resistance area, based on the latest technical analysis combined with on-chain data.
Can ZEC maintain its current upward momentum?
The outlook remains positive if buying pressure continues to absorb large liquidity clusters, supported by institutional capital and improved technical structure.
Source: https://tintucbitcoin.com/open-interest-zec-tang-dinh-gia-bien-dong/
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