- Situation on Hyperliquid proves the rule: capital moves where there are opportunities, not just prospects.
- This is why the trading volume of perpetual futures on DEX has increased in the last 24 hours for cryptocurrency. ZcashAnd not Solana.
Recently confidential kriptovalyuta Zcash overtook Solana on Hyperliquid based on 24-hour trading volume of perpetual futures. A shift in focus and speculative capital typically occurs when one of the most liquid altcoins in the derivatives market gives way to another, less visible asset.
After months of contraction and falling highs, ZEC has entered a period of momentum, retracing key moving averages and confidently breaking above the $400 range. This is more of an expansion than a slow advance. The price has risen in line with trading volume, and the RSI is rising, indicating momentum rather than divergence.
Hyperliquid data
The structure suggests a possible trend continuation, but risks remain. Such moves are usually limited by either a pullback or consolidation before continuing. The next logical zone, assuming buyers maintain control, is located near the previous macro resistance level between $450 and $500. A loss of momentum increases the likelihood of a decline to the $340-$300 region.
Tradingview data
Cryptocurrency with the ticker SOL it behaves in the opposite way – the chart shows stagnation. Token has entered a low-volatility consolidation phase without significant breakout attempts after a prolonged downtrend. The price is stuck below the 50-day and 100-day exponential moving averages, which slope downward and serve as multi-level resistance. We are seeing only sideways movement, not a structural breakout or expansion in volume.
Tradingview data
And this situation explains the change in volume: volatility, a clearly directional structure, and breakout conditions—all of which are present in ZEC and absent from SOL. Capital is flowing to where there are real opportunities, not prospects.
The sharp rise in ZEC derivatives trading volume indicates an increase in speculative positions that could amplify both the rally and the decline.
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