Zcash [$ZEC] Stuns Market with 58% Surge, Shattering $100 and Hitting Record Market Cap

Zcash (ZEC) has captured the market's attention, soaring an astonishing 58% in the last 24 hours to a price near $146. This sudden, powerful move has pushed ZEC's circulating market capitalization to a new record high of $2.27 billion, signaling a renewed, potent investor confidence in the privacy token.

Record Valuation and Futures Dominance

The market cap crossing the $2 billion threshold is a significant milestone, suggesting a positive shift in ZEC’s overall network valuation and potentially opening the door to greater capital inflows.

Crucially, derivatives data confirms that this rally is being driven by strong bullish sentiment:

• Buyer Dominance: The Futures Taker Cumulative Volume Delta (CVD) from CryptoQuant indicates that buy-side volume significantly outweighs sell-side volume in the leveraged markets.
• Conviction, Not Euphoria: While this dominance is clear, the level of buyer conviction has not yet reached the extreme peaks seen in previous ZEC bull runs, suggesting the rally is supported by leverage but is not yet overheated.

Despite the strong futures activity, Spot market indicators remain neutral, leaving the sustainability of the price move dependent on whether futures-driven pressure spills over into actual spot demand.

Technicals Support Continuation, but Warn of Volatility

Technically, Zcash is leaning bullish:

• Breakout Confirmed: ZEC successfully broke out of a consolidation channel and cleared the key $100 psychological resistance level, setting $200 as the next potential target.
• Extreme Volatility: The Daily Bollinger Bands have widened to their highest levels in years, confirming the massive volatility. While this suggests continuation potential, it also signals a risk of sharp retracements.
• Momentum High: The Stochastic Momentum Index is strong (above 60) but has not reached levels of extreme exhaustion, supporting the bullish bias, although traders should be aware of cautionary signals regarding potential overextension.

In summary, the combination of a record-high market cap and clear buyer dominance in the futures market paints a constructive short-term outlook for ZEC. However, the long-term sustainability hinges on whether broader market conditions and spot trading activity begin to reinforce the momentum currently driven by derivatives traders. A rally fueled solely by futures risks a quick reversal.

October 2025, Cryptoniteuae