Zcash (ZEC) fluctuates by 27.8% in 24 hours: Driven by US-Iran ceasefire announcement and whale purchases
Bitget Pulse2026/04/08 16:02Volatility Summary
In the past 24 hours, ZEC price rebounded from a low of $266.19 to a high of $340.08, currently reported at $332.87, with an amplitude of 27.8%. 24-hour trading volume surged to approximately $1.4 billion, up 77% from the previous day, with a net capital inflow of about $494,000.
Brief Analysis of Abnormal Movements
- Geopolitical Easing: Trump announced a two-week ceasefire between the US, Iran, and Israel, prompting an overall rebound in the crypto market. Privacy coin ZEC led with over 25% gains, benefiting from reignited privacy narrative.
- Whale Buying and Trading Activity: Whale purchases were a key driver, with trading volume jumping by 77% and whales holding long positions exceeding $1 million.
- Technical Breakout: Price broke through the 5-month downward trendline and inverted head-and-shoulders pattern, hitting the 23% target with volume support.
Market Views and Outlook
Market sentiment has shifted bullish, with mainstream views on X Community believing ZEC/BTC shows relative strength. After the breakout, target price is set at $300-$500, as privacy demand remains strong; however, analysts warn that it is crucial to hold the $320 support, otherwise ZEC could retrace to test $270.
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring, for informational reference only.Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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