Behind the Surge of ZEC: Large Orders and On-Chain Signals Simultaneously Released

metaverse_hermit · 2026-01-20T14:09:23+00:00

ZCash (ZEC) has recently experienced a significant increase, with a daily rise of 10%. Although there are signs of a short-term pullback, the overall technical outlook remains strong. Whale withdrawals are positive, market participation is increasing, and capital inflows are ongoing, indicating investor optimism about the future. The key support level is at $380, which requires close monitoring.

metaverse_hermit

2026-01-20 14:09:23

Abstract generation in progress

ZCash (ZEC) recent performance has been impressive, recording a 10% single-day increase, currently trading at $353.37. Although updated data shows a 24-hour change of -4.66%, the overall technical outlook remains strong, with circulating market cap stable at $5.83B and an average daily trading volume of $11.27M.

Whale Movements Signal Buying Pressure

On-chain data tracking platform detected an important transaction: a newly created wallet withdrew a large amount of ZEC assets from an exchange. It is reported that this wallet (identified as t1XKfb) withdrew 30,000 ZEC about 9 hours ago, valued at approximately $13.25M at the time. Such withdrawal activity typically indicates that large investors are optimistic about the market and intend to establish long-term positions, releasing a clear bullish signal.

Technical Structure Holds Key Support

ZEC continues its upward trend line on the technical side, with buyers in control. Analysts observe a critical demand zone around $400—potentially a pullback level. If the price stabilizes in this area, the next target is the $476 resistance zone; conversely, a break below $380 support could trigger a deeper correction.

On-chain liquidation heatmap data further confirms this assessment. ZEC shows concentrated long liquidation in the $388-$400 range, acting as a strong support barrier. A price revisit to this zone could trigger forced long liquidations and induce a short-term rebound. Meanwhile, a cluster of short positions above $450-$460 suggests that a breakout above this area could also lead to short squeeze.

Trading Volume and Capital Flows Confirm Upward Momentum

This rally has been accompanied by a significant increase in trading volume—daily volume has grown approximately 50% week-over-week, reflecting rising market participation. Various funds continue to net inflow into ZEC, with a daily net inflow of about $66.96M, indicating overall optimistic investor expectations for the future trend.

From whale accumulation, solid technical support, positive on-chain signals, and continuous capital inflows, ZEC is still expected to maintain a strong posture in the short term. However, investors should closely monitor whether support below $380 holds, as this will be a key point in judging the medium-term trend.

ZEC-2,61%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.