Zcash Overtakes Solana in Trading Volume...Targets $500 After Breaking $400

▲ Zcash (ZEC), Solana (SOL)/AI generated image

Zcash (ZEC) has surpassed Solana (SOL)'s 24-hour futures trading volume on HyperLiquid, indicating a rapid shift in virtual asset market sentiment towards privacy coins.

According to a U.Today report, on May 4 (local time), Zcash emerged as the star of the futures market, overtaking Solana, a representative high-liquidity asset. Zcash concluded its months-long price convergence process, forming a powerful shockwave, recovering key moving averages, and breaking through the $400 mark. This represents a strong expansion phase beyond merely slow growth. Along with the price increase, trading volume has exploded, and the Relative Strength Index (RSI) also rose, confirming strong momentum.

While the technical structure suggests further upside potential, the price is currently over-extended in the short term. After such a sharp rise, a correction or consolidation period usually follows. If buying pressure maintains control, the next target price is expected to be in the macro resistance zone of $450 to $500. Conversely, if it loses upward momentum, there is a high possibility of a decline to the $300 to $340 area where the moving averages follow. The surge in derivatives trading volume signifies an increase in speculative positions, which acts as a factor maximizing volatility.

Solana is showing the opposite trend to Zcash. Its chart is largely stagnant, consolidating with low volatility, and there have been no significant breakout attempts after a downtrend. The current price is trapped below the downward-sloping 50-day and 100-day Exponential Moving Averages (EMA), blocked by layers of resistance. With only sluggish movement continuing without structural breakthroughs or volume expansion, it is being pushed out of the interest of market participants.

As traders chase clear direction and volatility, the phenomenon of funds moving from Solana to Zcash is evident. Until Solana recovers key resistance lines and escapes its consolidation phase, it will be difficult for it to be at the center of the market. The capital flow in the virtual asset market chooses where actual profit opportunities arise rather than principles, and currently, that choice is directed towards Zcash. Zcash's explosive trading volume is expected to be a turning point for future price movements.

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