Zcash Rally Ignites Explosive Gains, Eyes $1,567 Target

Zcash (ZEC) is surging in its most pronounced market rally in months, climbing 14% in a single trading session and pushing monthly gains over 200%.

The privacy-focused token has skyrocketed more than 1,130% in the past three months, drawing intense attention from traders worldwide.

Despite strong bullish momentum, the field of leveraged trading has grown fragile, posing risks of sudden price drops.

Hidden Bullish Signals Keep Uptrend Alive

Between early and late October, ZEC’s price has formed higher lows, while the Relative Strength Index (RSI)—a key momentum indicator—has made lower lows.

This hidden bullish divergence indicates the ongoing uptrend is likely to continue.

The RSI remains elevated above 70, signaling strong buyer control despite occasional profit-taking phases.

Supporting the positive trend, the Chaikin Money Flow (CMF) indicator, which tracks the inflow and outflow of large investments, remains firmly positive.

After a brief capital outflow in late October, the CMF has turned sharply upward in early November, signaling renewed confidence from institutional "whales."

This combination of technical signals demonstrates that traders are more inclined to re-enter the market than exit, maintaining strength in Zcash’s rally.

Leveraged Trading Drives Confidence and Risk

The bullish setup has attracted significant leveraged trading, with long positions in ZEC/USDT pairs hitting approximately $32.45 million—nearly thirty times the size of short positions at $1.04 million. This imbalance suggests many traders expect further price appreciation.

However, this leverage creates delicate market dynamics. Even a minor price dip below critical short-term support levels at $342 and $312 could trigger rapid liquidations of overleveraged traders.

Such cascades could heavily amplify selling pressure, overturning the current bullish momentum.

Can Zcash Surpass $1,567 Amid Volatility?

ZEC is currently trading inside a flag-and-pole breakout pattern, often preceding sharp price extensions.

A confirmed breakout above $438 points to Fibonacci price targets of $594, $847, and $1,256.

The full breakout projection forecasts a long-term target of $1,567—more than 250% above current prices near $437.

Despite these ambitious targets, the sharp price rise suggests continued high volatility.

The mix of bullish technical structure, strong inflows, and significant leverage positions makes ZEC’s ongoing rally both promising and precarious.

Price support at $342 aligns with the 0.618 Fibonacci retracement level, where dips may be interpreted as healthy pullbacks.

However, breaching $312 risks triggering liquidation cascades, $245 could signal rally weakening, and dropping below $185 would likely collapse the bullish structure.