Zcache ($ZEC) was one of the coins that immediately reacted to the news of the two-week ceasefire between the United States and Iran. $ZEC It rose above $300, making it one of the day’s top gainers.
$ZEC BTC also responded to risk-on trading as it recovered to the $72,000 level. Privacy Coin peaked above $240 in its recent rally and is up over 21% in the past 24 hours. Trading volume has also increased to nearly $800 million in the past day, a one-month peak.
Open interest in the derivatives market also increased by 26% in the past day, with most of the trading concentrated on Binance. $ZEC Despite months of bearish sentiment, it showed that the crypto market is ready to change direction, pushing up assets that showed the potential for a strong directional move.
$ZEC Open interest remains below its end-2025 level at $386 million. This time, $ZEC The breakout is limited compared to the record rally in November 2025.
is $ZEC Is the rally sustainable?
$ZEC Some skepticism has emerged in recent months as the late 2025 rally has been heavily promoted by influencers. Then some $ZEC whales sold some of themselves stake. $ZEC We also experienced dramatic price declines.
despite this, $ZEC still has a community and opportunities for short-term risk-on rally. ZCash has a mindshare of 0.5% and has increased by 25% in the past day. This level of exposure on social media is still high compared to other altcoins and tokens.
$ZEC is still viewed with suspicion, and the current rally could be the result of a short squeeze. Based on currently open short positions, $ZEC It is possible that the pair will continue to settle at the $330 level, but the rally could stall and face resistance.
The final day saw $2.85 million in short-term liquidations, which could cause some traders to close their positions.
Latest $ZEC The gathering helped other privacy coins. XMR added another 3% to over $337. Smaller privacy coins also performed well, driven by the overall recovery in the crypto market.
ZCash Shield Continues to Expand
Despite the slowdown in influencer campaigns, ZCash Shield continues to quietly expand. There are no signs of unshielding or sales, and the total shielded supply has reached a record of over 5.17 million units.
ZCash mining is also unaffected by market fluctuations and is nearing all-time highs. Nevertheless, the current rise may be rejected; $ZEC There is a possibility of a return to a bearish structure.
one of the stories of $ZEC That was the usage in Solana DeFi. Currently, Solana-based DeFi is Drift Protocol Hackingthe user’s suspicions increase.
$ZEC It will need to avoid the fate of most altcoin and token projects and prove itself as a risk-on transaction. Even without the short-term hype, the privacy narrative remains an important topic in the cryptocurrency industry.
