ZEC Surges Past $300 Amid Derivatives Momentum While Solana Breaks Below $80 as RSI Hits 25

Zcash has shown significant price movement in the last 24 hours, rising above $300 for the first time in months. This surge has been supported by increased derivatives volume and open interest, signaling renewed buyer interest. The price reached a market capitalization of over $5.1 billion, highlighting the market's cautious optimism. However, this optimism remains conditional on further price confirmation from key resistance levels.

Zcash's recent drop has been attributed to broader market weakness, internal governance issues, and stalled accumulation efforts by key stakeholders. The Electric Coin Company has faced internal disputes and team resignations, raising concerns over project execution. Despite these challenges, Zcash's roadmap includes privacy-focused upgrades like Tachyon and Zebra, which could strengthen its long-term value proposition.

Solana has confirmed bearish momentum as it breaks below the key $80 level. The price decline reinforces the ongoing downtrend, with sellers maintaining control of the structure. RSI has plunged to 25, indicating strong bearish bias. Open interest and trading volume have also declined, suggesting traders are unwinding positions rather than initiating new aggressive bets.

What triggers Zcash's recent price rebound and what are the key resistance levels to watch?

Zcash has rebounded from a key support level at $187.9, with a 9.88% increase in the past 24 hours. The $300 resistance level has been overcome, but significant overhead threats remain at $365-$460. Technical analysis indicates that the $365-$450 supply zone is crucial for further momentum. The market's cautious optimism is underscored by the OI Weighted indicator at 0.0075%, showing a balanced stance between bulls and bears.

The recent surge in Zcash's price has been supported by a 58.46% increase in derivatives trading volume and a 7.39% increase in open interest. These indicators suggest growing market participation and potential for further price appreciation if bulls manage to convert the resistance into support.

What are the risks for Zcash if it fails to consolidate above $300?

A failure to consolidate above $300 would confirm bearish pressure and deepen the ongoing downtrend. If Zcash breaks below the $230–$240 support zone, the next level of concern lies around $120, where additional bearish pressure could be unleashed. Momentum indicators like RSI and MACD currently remain bearish, indicating that sellers are in control until the RSI crosses above 50.

Zcash's current price volatility is also amplified by high leverage, with open interest at $642.09 million. In the last 24 hours, $1.5 million in ZEC futures positions were liquidated. These liquidations indicate sharp price swings and forced unwinding, which can accelerate moves in either direction.

What signals are emerging for Solana as it trades below $80?

Solana's price has fallen below $80, reinforcing the ongoing downtrend that began after the January 2025 all-time high. The token is now trading below both the 20-day and 50-day moving averages and is positioned below the mid-point of the Bollinger Bands. The widening of the bands suggests expanding volatility, and the price's proximity to the lower band indicates trend continuation rather than reversal. The RSI hitting 25 places Solana in deep oversold territory, but no bullish divergence has yet formed. This reading could precede brief relief rallies, but sellers still dominate near-term flows as RSI remains below its signal average. Traders are reassessing risk amid declining open interest and spot volume, suggesting a phase of position unwinding. This trend is common during the later stages of a correction but should not be mistaken for a confirmed bottom.