After a 17% jump, Zcash has registered a daily breakout above the key price zone of 470-480 which is the structural zone.
The derivatives trading activity peaked when ZEC surpassed Solana in the perps volume with the highest volume of 2.97B in 24 hours.
Short liquidations totaled $8.5M while open interest rose 13%, linking price gains directly to futures positioning.

Zcash recorded a drastic day-to-day growth as trading on the privacy-centered resource intensified. The token shot up upwards in the session, recording a percentage gain in the double digits before stabilizing at the present levels. This advance unfolded alongside elevated derivatives activity, creating a tightly connected price and volume narrative. As trading progressed, chart structure and order flow began aligning with recent historical levels.

Daily Breakout Reshapes Short-Term Price Structure

Zcash shot about 17 percent in the session and hit an intraday high of about $527. Price leveled off thereafter at a level between $517 and $518. It is important to mention that the daily chart supported a decisive breakout above an earlier examined resistance area. This shift followed several weeks of higher lows, which gradually compressed price action.

As a result, the breakout released accumulated volatility. Moreover, the move placed ZEC firmly above the $470–$480 range. That area now defines the immediate structural level. Price also traded close to the reported resistance near $521.87 during the advance. Meanwhile, the daily range reflected expanding participation rather than isolated trades.

Derivatives Activity Intensifies During Weekend Session

At the same time, derivatives markets recorded a sharp increase in activity. Zcash surpassed Solana in perpetual futures trading volume during the session. Total 24-hour volume reached approximately $2.97 billion, representing about seven percent of the broader market. However, this expansion coincided with aggressive short positioning.

$ZEC made a strong move today.

Price jumped 17%, hit $527, and is now around $518.

Clean breakout on the daily chart.#ZEC also passed SOL in perps volume.
⁰24h volume reached $2.97B, about 7% of the market.

Weekend move, but shorts got hit hard.
⁰$8.5M liquidated, mostly… pic.twitter.com/IAzThXv5Qn

— Master of Crypto (@MasterCryptoHq) December 28, 2025

Data showed $8.5 million in liquidations, with shorts accounting for most forced closures. Consequently, open interest climbed 13% to 1.36 million ZEC. This combination linked price movement directly with leverage dynamics. Therefore, futures flows became a central driver of intraday volatility.

Key Levels Frame Near-Term Market Behavior

Following the breakout, price action narrowed around established technical references. Support currently sits near $487.24, closely aligned with the broader $470–$480 zone. Holding above that range keeps the recent structure intact. On the upside, price continues interacting with resistance around $521.87. Meanwhile, ZEC trades near 0.005884 BTC, reflecting parallel strength against Bitcoin. These levels now guide short-term positioning. As trading continues, volume concentration and open interest changes remain closely tied to price behavior.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.