Zcash golden cross cements rally as ZEC clears $398 resistance; rising volume supports uptrend though short-term overbought risks consolidation

first published 2026-05-04T08:45:00Z

Zcash (ZEC) rallied to a peak of $424 on May 3 (9:35 p.m. EDT), its highest since late January, then settled near $414. The move lifted weekly gains to ~17% and represents a >100% rebound from its year-to-date low after falling below $200 on March 8. ZEC’s market cap is approaching $7 billion, narrowing the gap with Monero (XMR). The surge triggered over $10.6 million in short liquidations (largest single short ~$1.1M) and under $900k in long liquidations, for total liquidations around $11.5M. Influencers including Raoul Pal and Barry Silbert have been promoting ZEC amid growing privacy demand.

AI Analysis

ZEC posted a sharp intraday rally to $424 and substantial liquidations (> $10.6M in shorts, ~$11.5M total), and public endorsements from influencers were noted; these are concrete, short-term price-moving facts from the summary.

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