Zcash Price Forecast: Bullish Momentum Builds on ETF Inflows and Retail Interest

Steady Recovery Supported by ETF Inflows and Retail Activity

As of a report published on October 28, 2026, Zcash (ZEC) has been extending a steady recovery, trading above the $1,300 mark and approaching a notable resistance level near $1,373. This momentum is supported by persistent buying pressure in Grayscale’s ZEC-focused Exchange-Traded Fund (ETF), which has experienced six consecutive days of inflows. On Tuesday alone, inflows exceeded $3 million, contributing to a weekly total of $5.41 million so far, following a substantial $41.09 million inflow the previous week.

In addition to institutional interest, retail traders appear increasingly engaged. Data from CoinGlass indicates that ZEC futures Open Interest (OI) rose by 16% over the last 24 hours to $2.91 billion, reflecting a higher notional value of active positions. This increase in OI, combined with total liquidations of $8.11 million—dominated by $7.58 million in short liquidations—suggests a buy-side bias. The positive funding rate of 0.0037% further supports this interpretation.

Technical Analysis and Key Levels

Technically, Zcash is maintaining a bullish bias as it trades above the 50-day and 200-day Exponential Moving Averages (EMAs), which stand at $1,203 and $820 respectively. These EMAs provide foundational support for the current uptrend. The price is nearing the 50% Fibonacci retracement level of the prior downswing from $1,698 to $1,049, located at $1,373. This level has previously capped gains earlier in the month, making it a critical resistance point.

The Relative Strength Index (RSI) is around 55, indicating moderate buying pressure without being overextended. Meanwhile, the Moving Average Convergence Divergence (MACD) shows a strengthening positive profile, hinting at sustained upside interest. Immediate support lies at the 50-day EMA near $1,203 and the Fibonacci anchor at $1,049, with the 200-day EMA at $820 serving as a deeper support level if prices decline further.

FXVNPro Market Perspective

The current market dynamics for Zcash illustrate how steady inflows into ETFs can bolster institutional confidence, which in turn may influence retail participation. Increased Open Interest and short liquidations reflect a market positioning that favors upward price movement, assuming no adverse external shocks. The interplay between technical support levels and inflows suggests that breaking above the $1,373 resistance could catalyze further gains toward the previous swing high of $1,698.

However, market participants should remain aware that these conditions depend on continued positive sentiment and inflows. A reversal in ETF buying or a shift in retail positioning could alter momentum. The RSI and MACD indicators provide useful gauges of momentum but do not guarantee sustained trends.

Trading Scenarios

• If Zcash successfully breaks and holds above the $1,373 resistance level, then the path may open toward testing the $1,698 swing high, supported by ongoing ETF inflows and positive technical momentum.
• If the price fails to surpass $1,373 and reverses, then traders might see a pullback toward the 50-day EMA at $1,203 or potentially deeper support near the 200-day EMA at $820, especially if inflows slow or short liquidations decrease.

What Traders Should Watch

• Continuation or reversal of ETF inflows into Grayscale’s ZEC-focused ETF, which have been a key driver of recent momentum.
• Changes in ZEC futures Open Interest and liquidation patterns, as these reflect trader positioning and market bias.
• Price action around the $1,373 resistance level, which is critical for confirming a sustained recovery.
• Technical indicators such as RSI near 55 and MACD trends, which can signal shifts in momentum.

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