What’s Next for ZEC After Surging 12%?

Zcash price jumped 12% today after strong institutional accumulation met a tightening supply landscape. Cypherpunk Technologies acquired $18M worth of ZEC, and that purchase immediately sparked heavier demand across major venues. Meanwhile, nearly 30% of the entire supply now sits in shielded pools, and that shift reduces short-term liquidity. 

Additionally, ZEC price found quick support at every intraday dip, and buyers stepped in with clear confidence. Furthermore, reduced liquidity amplified the impact of new inflows, and price reacted with sharp strength. This combination strengthened sentiment throughout the session, and buyers controlled the direction from start to finish.

Cup-And-Handle Formation Clears Path Toward $800

Zcash price held firmly above $600 after the recent pullback, and that behavior showed strong interest from buyers who treated the level as a dependable reset. Moreover, each dip touched the ascending trendline, and that line attracted consistent inflows from participants seeking a stable accumulation zone. 

At the time of writing, ZEC value trades near $672, and that level sits directly inside the handle zone forming beneath the $700 ceiling.

Meanwhile, ZEC price developed a deep cup pattern, and the smooth curvature suggested steady demand during quieter phases of trading. The handle then formed beneath $700, and that compression created a clean structure that often appears before decisive continuation. 

However, sellers attempted repeated rejections at $700, and buyers responded with sharp absorption that preserved the entire pattern. 

Besides, MACD strengthened throughout this stage, and the blue line stayed above the signal line with expanding histogram bars that reflected rising buying rhythm. If buyers clear $700, the path toward $800 opens quickly, especially with deeper participation strengthening each leg upward, with. 

Ultimately, this alignment supports a stronger long-term ZEC price forecast, especially with BitMEX co-founder Arthur Hayes projecting a potential $1,000 Zcash price during the next major cycle. 

Open Interest Spike Reinforces Strong Market Commitment

Open interest surged 11.94% to $1.20B, and that rise confirmed deeper commitment from participants increasing exposure during the day. ZEC price held key intraday supports, and each touch invited larger orders from traders building new positions. 

Contracts expanded as buyers entered with steady confidence, and the flow favored longs during every test near the $700 area. This behavior showed conviction rather than short-term speculation, and the consistency strengthened the broader outlook for continued upside. 

Funding stayed balanced through the climb, and that balance allowed leverage to expand without creating stress in market structure. The growth in participation aligned with strong spot flows, and this synchronization often signals sustained interest rather than brief excitement. 

Notably, longs grew as buyers maintained pressure, and that dynamic reinforced the positive Zcash price outlook. If buyers break $700, open interest likely pushes even higher, and that expansion can amplify upward continuation.

To conclude, ZEC continues to display strong structure across every timeframe, and buyers defend each meaningful zone with confidence. Furthermore, a break above $700 unlocks a clean route toward $800, and today’s conditions favor that move. 

Additionally, institutional accumulation strengthens the broader narrative, and shrinking supply supports continued upside pressure. Therefore, if buyers maintain control, Zcash price can stretch this breakout into a more sustained advance.