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Zcash volume surges 100%, joining Hyperliquid and Toncoin as top bear market performers

Technical Signals
21 May 2026
UToday
View Source
Bullish
pluang ai news

Zcash (ZEC) has experienced a dramatic 100% surge in trading volume, briefly pushing its price to around $680 before settling near $665. This surge places Zcash alongside Hyperliquid (HYPE) and Toncoin (TON) as some of the strongest assets in the current bear market, with bullish momentum supported by key moving averages. The rally is driven by short liquidations and increased spot and futures trading volumes, indicating strong market interest beyond just leveraged trading. Investors should watch if ZEC can hold the $600–$620 support range to potentially target resistance levels near $700 and $750, though caution is advised due to the risk of sharp reversals after rapid rallies.

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