Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download

ZEC price rallies above $630 as MVRV hits 1.59, but weakening network activity raises sustainability concerns

Technical Signals
24 May 2026
Blockonomi
View Source
Bullish
pluang ai news

Zcash (ZEC) has seen a strong price recovery, trading above $630 with its MVRV ratio at 1.59, indicating the asset is in aggregate profit. The rally is supported by rising derivatives activity, including increased open interest and short liquidations, suggesting a short squeeze dynamic. However, on-chain metrics like active addresses and transaction counts have declined, raising concerns about the rally's sustainability. Traders are watching the $700 resistance level closely, with a break above it needed for stronger continuation signals, while continued upside depends on improved network usage or sustained leverage flows.

More News (ZEC)

Hyperliquid whale linked to Garrett Jin swings from $70M profit to $128M loss after risky ETH trades.

Hyperliquid whale linked to Garrett Jin swings from $70M profit to $128M loss after risky ETH trades.

A whale trader connected to former BitForex CEO Garrett Jin, known for a massive Bitcoin short during the October 10, 2025 crash, has shifted from a hypothetical $70 million profit to a $128 million net loss due to large leveraged Ethereum longs on H...

Technical Signals
Bearish
6 hours ago
Privacy-focused cryptocurrencies like Zcash, Monero, and Oasis Network gain momentum for 2026 growth.

Privacy-focused cryptocurrencies like Zcash, Monero, and Oasis Network gain momentum for 2026 growth.

Barry Silbert, CEO of Digital Currency Group, declared the start of a privacy era in cryptocurrency, emphasizing the need for privacy to scale on-chain finance and protect users. Finbold analyzed three privacy-centric crypto assets to watch in 2026: ...

Market News
Bullish
14 hours ago
NEAR Protocol jumps 50% in a week, leading altcoins amid trader rotation.

NEAR Protocol jumps 50% in a week, leading altcoins amid trader rotation.

NEAR Protocol's price surged about 50% in seven days, reaching a six-month high near $2.34, outpacing most large cap cryptocurrencies. This rally is linked to traders rotating into Arthur Hayes's "holy trinity" of altcoins: NEAR, Hyperliquid (HYPE), ...

Market News
Bullish
14 hours ago
Trader opens $100M ETH short at 23x leverage on Hyperliquid, liquidation just 2% away.

Trader opens $100M ETH short at 23x leverage on Hyperliquid, liquidation just 2% away.

A wallet on Hyperliquid has opened a $100.33 million short position on Ethereum (ETH) with 23x leverage, betting that ETH's price will not rise above $2,149.84. The position will be liquidated if ETH's price increases by less than 2% from the entry p...

Technical Signals
Bearish
15 hours ago
Bitcoin whale traders increase short bets amid weakening crypto momentum and rising market caution.

Bitcoin whale traders increase short bets amid weakening crypto momentum and rising market caution.

Bitcoin whale traders have shifted aggressively toward short positions, reflecting growing defensive sentiment amid weakening broader crypto momentum. Large speculative wallets reduced altcoin exposure and increased leveraged Bitcoin shorts, with one...

Market News
Bearish
1 day ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App