ZAMA crypto hits new TVL high of $99M as futures participation accelerates – Details
ZAMA has spiked by more than 17% as record TVL, rising Open Interest and booming trading activity strengthened bullish momentum toward the $0.108 resistance.
Zama [ZAMA] has emerged as one of the strongest-performing tokens in the market after extending its breakout with another double-digit gain. The token has rallied by 17.55% over the last 24 hours. This builds on momentum that began after it successfully retested an ascending channel resistance level as support at $0.074 two days ago.
That technical confirmation encouraged fresh buying. As a result, the token’s price action reclaimed higher levels as participation accelerated across the market. What is more intriguing is that the rally is also being backed by strengthening on-chain fundamentals.
Could the network bulls keep current momentum going? Let’s find out.
Record TVL signals growing network adoption
One of the biggest factors standing out behind the latest advance is the continued growth of the ZAMA ecosystem.The network’s Total Value Locked (TVL) has climbed to a new all-time high at $99 million, indicating that more capital is being committed to the protocol.
Moreover, growth across Morpho vault expansion and Zama Swap has contributed to the increase, pointing to improving ecosystem usage and stronger investor confidence.
Derivatives activity supports the breakout
Besides the position long-term and holders sentiments, market participation has also strengthened across both spot and derivatives markets.
The network’s open Interest has spiked by more than 29% to $38.71 million. This suggests fresh capital is entering the futures market. As a result, traders position for further bullish advances.
Among the open leveraged positions short slightly have the upper hand. At the time of writing , the token’s long/short ratio stood at 0.94.
Despite the cautionary signals from the shorts’ slight dominance, both spot and futures trading volumes surged by more than 100% over the past 24 hours, highlighting broad-based demand from different classes of market participants.
The network spot volume had surged by 140% to $115 million while its spot volume surged by 140% to $65 million.
Can ZAMA reclaim $0.108?
On the daily chart, the next major technical objective for bulls sits around the $0.108 swing high. A continued expansion in TVL, sustained growth in Open Interest and elevated trading activity could provide the momentum needed for buyers to challenge that level.
However, after a rapid 17% advance, a short-term profit-taking before the next bullish push could be on cards. This is more so given that short dominance among the leveraged position giving a hint.
All in all, the long term structure leans to the bulls favor and most fundamentals and on-chain metrics support an extended bullish momentum in the long run.
![Sonic [S] had surged double-digit percentages in the past day as investors continued to buy the asset in the market, but the real test still remains. This is based on the current price structure the asset is trading in, known as the cup and handle pattern, which has often preceded a rally on multiple occasions. The bullish pattern often materializes when price is able to overcome the resistance level in the form of the neckline pattern that is currently ahead of it. A surge above this resistance level would imply that market momentum is sufficient to continue expanding higher. Source: TradingView There are two levels of interest from this point onward. First is the closer target, which is $0.049 on the chart, 15% from the neckline, while the deeper stretch would see price rally 35% to $0.0586. Price must break above the neckline to establish the bullish run. If sellers reject the price at this level, the asset could consolidate around the neckline and form a broader handle pattern or decline and invalidate the setup. MACD and MFI reveal mixed signals The rally remains broadly conditional based on indicator analysis using the Moving Average Convergence Divergence (MACD) and the Money Flow Index (MFI). MACD carries more weight in the condition here, as the indicator is attempting to form a bullish pattern known as the "Golden Cross" when the blue MACD line crosses over the Orange Signal Line. Currently, the blue line is slightly below the Orange Signal Line, with readings of 0.00304 compared to 0.00301. A flip above this could kickstart a much broader bullish trend. Source: TradingView The MFI warns of a much broader risk of a potential decline in price based on the recent drop. The drop signals that there has been a massive outflow of capital for the past couple of days. When capital exits the market at this pace, investors may be taking profits or turning bearish. The former seems to be the case as the MFI remains in the positive zone, anywhere between 50 and 80. At the moment, the MFI has a reading of 57.4. The rally may not materialize in the near term unless the MFI turns higher and the MACD forms a golden cross pattern. Long volume supports Sonic’s bullish outlook The Long/Short Ratio on the chart, which records market volume and sees whether long or short volume takes the upper hand, indicates there is a bullish outlook. According to the chart, long volume accounts for 53% of Sonic’s perpetual market, compared with 47% for short volume. This means there has been more bullish activity in the market. Source: CoinGlass The volume has been long dominant across the top three crypto trading venues where buying activity occurs in the market. The sustained buy volume could impact price, pushing it higher in the near term and helping it overcome the neckline resistance. Final Summary Sonic’s cup and handle pattern points to a potential breakout toward $0.049 and $0.0586. MACD and MFI must strengthen to support the rally and confirm bullish momentum.](https://ambcrypto.com/wp-content/uploads/2026/10/Abdul4-e1791108092138.webp)
