- Zcash price surged to $69.04, up 23% in 24 hours, marking a nine‑month high.
- The ZEC token could reach $100 in the coming weeks amid tailwinds for cryptocurrencies.
- Zcash has outpaced other privacy coins such as Monero.
The price of Zcash (ZEC) climbed to an intraday high of $69.04, the highest level in nine months.
With the coin currently trading around $68.24, this milestone reflects renewed enthusiasm for privacy-focused tokens and a broader recovery across the crypto market.
Zcash has outperformed peers like Horizen in the recent rally, suggesting bulls are regaining control at key price levels.
Zcash price jumps 23% in 24 hours
As major cryptocurrencies aim for another bounce, Zcash extended its recent upward momentum to hit a fresh multi‑month high.
ZEC rose more than 23% over 24 hours, surging from a low near $54 to above $69—levels last seen in December 2024.
This move to a nine‑month peak aligns with a broader revival among privacy assets. Drivers include renewed attention on privacy features in tokens such as Zcash, Monero (XMR) and Horizen (ZEN).
Institutional interest has also increased, with open interest in these coins reaching multi‑month highs amid other factors such as crypto treasury strategies.
For Zcash, the launch of initiatives like Zashi CrossPay, which went live on September 16 via the NEAR Protocol, has highlighted additional use cases for ZEC.
So what does Zashi CrossPay mean for privacy coins? Zcash’s team summarized the service in a weekly update:
“With Zashi CrossPay, you can now make private payments in any crypto supported by NEAR—from stablecoins to BTC, ETH, or SOL—without exchanges, no extra apps, and private by default.”
Enabling shielded cross‑chain transactions increases utility and points to greater price potential as adoption grows.
ZEC has gained more than 43% over the past week and 72% in the last month, outperforming the broader market.
ZEC price outlook
The technical outlook for ZEC is largely bullish. After dipping to $38 on September 1, Zcash has traded higher within a broadening wedge pattern.
Upward momentum strengthened after a breakout from the falling wedge on the daily chart. The breakout, a classic reversal pattern in which a converging downtrend line signals easing selling pressure, helped propel Zcash higher.
Closing above the upper trendline around $40 and a successful retest confirmed the breakout, setting an initial resistance target near $54. That pattern suggests potential extension toward the psychologically important $100 level.
However, the Relative Strength Index (RSI) sits around 72, indicating overbought conditions.
While that raises the risk of a pullback, the Moving Average Convergence Divergence (MACD) histogram has turned positive and the MACD lines show a bullish crossover.
Risks remain, including a broader market correction that could weigh on risk assets like ZEC.