Key Takeaways
- Zcash (ZEC) has experienced a significant rally, hitting a new all-time high and surpassing Monero as the leading privacy coin.
- The price surge is attributed to increased demand for privacy solutions, celebrity endorsements, and significant short liquidations.
- Technical analysis suggests strong bullish momentum, but a rising wedge pattern indicates a potential for a short-term correction.
The Zcash price has demonstrated remarkable resilience, defying the general cryptocurrency market downturn and reaching unprecedented levels.
ZEC has recently surged to an eight-year peak, marking one of the most impressive rallies among major privacy-focused cryptocurrencies this year.
Driven by growing investor interest, endorsements from prominent figures, and the increasing adoption of privacy-enhancing technologies, Zcash has reasserted its position as a significant player in the crypto landscape.
Privacy Demand Fuels Zcash Rally
Zcash (ZEC) has seen an astonishing 89% increase in value over the last two weeks, reaching a new all-time high (ATH) of $388. This surge has allowed ZEC to overtake Monero (XMR) and reclaim its status as the most valuable privacy-focused cryptocurrency by market capitalization.
With a market capitalization now hovering around $6.2 billion, Zcash stands as the preeminent altcoin in the privacy sector.
💡 The rally in the ZEC price is largely a reflection of renewed demand for privacy coins, fueled by increasing global concerns regarding data surveillance and the need for financial transparency.
Currently, over 4.5 million ZEC, representing approximately 28% of the total supply, are held in shielded addresses, utilizing Zcash’s advanced zk-SNARK privacy protocol.
This milestone represents the highest level of private coin holdings recorded since 2021, indicating a growing confidence in and utilization of ZEC’s privacy technology.
📍 When shielded coins remain off exchanges for extended periods, it reduces the liquid supply available, thereby exerting upward pressure on the Zcash price.
Celebrity Endorsements and Short Squeezes Bolster Momentum
Beyond the general demand for privacy solutions, a substantial portion of the current excitement surrounding the ZEC token can be attributed to high-profile endorsements.
In early October, renowned investor Naval Ravikant referred to Zcash as insurance against Bitcoin, a statement that immediately triggered a significant 60% price jump in a single day.
Following this, Helius co-founder Mert Mumtaz suggested a $1,000 price target for ZEC, and BitMEX co-founder Arthur Hayes forecasted a potential rise to $10,000 for the ZEC price.
📌 Each of these endorsements acted as a catalyst, driving further gains and attracting new investors to the privacy coin sector.
The rally has also been significantly amplified by a notable influx of short liquidations.
Over the past two weeks, ZEC futures have seen approximately $65 million in liquidations, with a substantial portion originating from short positions being closed.
This dynamic created a classic short squeeze scenario, compelling bearish traders to exit their positions as the price continued to climb.
Retail investors have also joined the trend, with Google search interest for Zcash spiking in late October, indicating a growing fear of missing out (FOMO).
⚡ The feedback loop between short liquidations and increasing retail demand has propelled the ZEC token into one of 2025’s most dramatic recovery stories.
Zcash Price Technical Outlook
From a technical analysis perspective, Zcash maintains a strong position, although short-term risks are present.
The ZEC price is trading significantly above its 7-day simple moving average, currently at $332.01, and its 200-day exponential moving average, which is near $96.68.
Indicators such as the Relative Strength Index (RSI) and MACD signal robust bullish momentum, though both are approaching overbought territory.
The current zone of $370–$400 is identified as a critical resistance area. A sustained breakout above this level could pave the way for a potential move towards $450.
📊 However, chart analysts have identified a rising wedge pattern, which is typically a precursor to significant corrections. A breakdown from this pattern could lead to a 30% pullback, potentially pushing the price down toward the support range of $260–$270 if momentum falters.
Immediate support is noted at $304.32, according to CoinLore’s analysis. A breach of this level could lead to a further decline to the next support at $296.96, and subsequently to the $260–$270 range.
📍 Despite these technical cautionary signals, the overall market sentiment for Zcash remains overwhelmingly positive.
Zcash’s remarkable year-to-date rally of over 900% underscores deep investor conviction and a significant shift in market perception towards privacy coins.
While some large holders (whales) have realized partial profits, on-chain data indicates a substantial surge in the number of ZEC holders, increasing by more than 60% in the past week alone, which highlights continued strong retail participation.
Further Price Considerations
The increasing adoption of Zcash highlights the growing mainstream appeal for financial privacy. As more individuals and institutions seek secure and private transaction methods, the demand for ZEC is likely to remain strong.
The technical setup, while showing signs of potential short-term pullback, is supported by robust fundamental drivers. The resolution of the rising wedge pattern will be crucial in determining the next significant price movement.
Concluding Insights
Zcash has achieved a new all-time high, demonstrating its strength within the privacy coin sector and captivating the broader crypto market. While technical indicators suggest a possibility of a forthcoming correction, the strong underlying demand and positive market sentiment provide a supportive backdrop for ZEC.