Nov 10, 2025
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Zcash Price Rebounds 3% as Open Interest Exceeds $1 Billion
- Zcash (ZEC) increased by 3% to $611 on November 10 after a 4% decline the previous day. This follows an impressive 90% surge in early November, despite broader market declines for Bitcoin and Ethereum.
- Open interest in Zcash derivatives exceeded $1 billion, with a 1.4% daily increase, indicating active speculative trading. The long-to-short ratio of 1.006 shows balanced market sentiment.
- The price currently consolidates within the upper Bollinger Band range at around $610, facing resistance near $667.
- The MACD remains positive but shows potential weakening momentum, while the Money Flow Index (MFI) at 71.17 suggests strong but possibly diminishing inflows.
- A daily close above $667 could push ZEC towards $750 and potentially $820. Conversely, dropping below the $560–$580 support range risks a retracement to $500.
