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Zcash rallies near $600, eyes $620 as whales and traders boost bullish bets

Market News
21 May 2026
AMBCrypto
View Source
Bullish
pluang ai news

Zcash (ZEC) defended its $500 support level and surged to a local high of $593, currently trading around $581. A major whale opened a 10x leveraged long position worth $21.59 million, pushing bullish momentum as futures inflows outpaced outflows. Despite a strong rally, the Long/Short ratio shows many traders remain short, keeping the market cautious. For a confirmed bullish breakout, ZEC needs to close above $600 daily; failure to do so could see prices fall back to $515 support.

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