- Zcash price hits a new high and overtakes Monero as the top privacy coin.
- Celebrity endorsements and short squeezes fuel ZEC’s massive rally.
- A rising wedge pattern suggests a possible 30% correction ahead.
The price of Zcash has defied the broader crypto market downturn, climbing to fresh highs and attracting worldwide attention.
ZEC recently surged to an eight-year peak, marking one of the strongest rallies this year among major privacy-focused cryptocurrencies.
With growing investor interest, high-profile endorsements, and accelerating adoption of privacy technologies, Zcash has re-emerged as a powerful force in the cryptocurrency market.
Demand for privacy ignites Zcash rally
Zcash (ZEC) has risen roughly 89% over the past two weeks, reaching a new all-time high (ATH) of $388 and overtaking Monero (XMR) as the most valuable privacy-focused cryptocurrency in market perception.
With a market capitalization near $6.2 billion, Zcash now leads the privacy altcoin segment.
Specifically, ZEC’s price advance reflects a renewed wave of demand for privacy coins amid global concerns about data surveillance and financial transparency.
More than 4.5 million ZEC—about 28% of the total supply—are currently held in shielded addresses using Zcash’s zk-SNARK privacy protocol.
This milestone represents the highest level of shielded holdings since 2021, a sign of growing confidence and increased use of ZEC’s privacy technology.
Shielded coins typically remain off exchanges longer, reducing sell-side liquidity and adding upward pressure on Zcash’s price.
Celebrity endorsements and short squeezes accelerate momentum
Beyond rising demand for privacy coins, much of the excitement around ZEC can be traced to prominent endorsements.
Prominent investor Naval Ravikant described Zcash as a “hedge against Bitcoin” in early October, triggering a dramatic intraday move of roughly 60%.
Soon after, Helius founder Mert Mumtaz set a $1,000 target for ZEC, while BitMEX founder Arthur Hayes predicted the token could reach $10,000—each endorsement adding fuel to the rally and drawing new investors into the privacy-coin space.
The surge was also amplified by a wave of short liquidations.
Over the past two weeks, ZEC futures saw approximately $65 million in liquidations, with more than half coming from short positions.
That dynamic produced a classic short squeeze that forced bearish traders to cover as prices climbed.
Retail investors followed suit: Google search interest for “Zcash” rose in late October as fear of missing out (FOMO) spread.
The feedback loop between short liquidations and rising retail demand helped propel ZEC into one of the most dramatic recoveries of 2025.
Zcash price outlook
From a technical standpoint, Zcash remains in a strong position but carries short-term risks.
ZEC is trading well above its 7-day simple moving average at $332.01 and its 200-day exponential moving average near $96.68.
Indicators like the relative strength index (RSI) and MACD point to strong upward momentum, though both are approaching overbought territory.
The current $370–$400 zone represents a critical resistance area; a sustained breakout could pave the way toward a move to $450.
However, chart analysts have identified a rising wedge pattern—often a precursor to a corrective move—which could trigger a roughly 30% pullback toward support in the $260–$270 range if momentum fades.
Immediate support to watch is $304.32, which, if breached, could open the door to further declines toward the next supports at $296.96 and then the $260–$270 range.
Despite these technical warning signs, market sentiment remains overwhelmingly positive.
Zcash’s more than 900% rally year-to-date highlights investor conviction and a structural shift in how markets view privacy coins.
While some whales have taken partial profits, on-chain data shows the number of ZEC holders rose by over 60% in the past week, underscoring continued retail participation.