- The Zcash price climbed 23% in 24 hours to $69.04, reaching a nine-month high.
- The ZEC token could reach the $100 mark in the coming weeks given the current crypto tailwinds.
- Zcash has outpaced other privacy coins such as Monero.
The price of Zcash (ZEC) surged to an intraday high of $69.04, the highest level in nine months.
Currently trading around $68.24, this milestone reflects renewed enthusiasm for privacy-focused coins and a recovering crypto landscape.
Zcash is leading gains among privacy assets, outpacing peers like Horizen, which suggests bulls are taking control at key levels.
Zcash price jumps 23% in 24 hours
As major cryptocurrencies aimed for fresh upside moves, Zcash extended its recent rally and hit new multi-month highs.
ZEC rose more than 23% in 24 hours, climbing from a low near $54 to above $69, marking a return to levels last seen in December 2024.
This move to a nine-month high aligns with a broader revival in demand for privacy-oriented assets. Drivers include renewed focus on the privacy features of tokens such as Zcash, Monero (XMR), and Horizen (ZEN).
Institutional interest has also picked up—the open interest in these coins, among other factors like crypto treasury allocations, reached multi-month highs.
For Zcash specifically, the rollout of initiatives like Zashi CrossPay—launched on September 16 via the NEAR protocol—has highlighted additional use cases and potential for ZEC.
What does Zashi CrossPay mean for the privacy coin? The Zcash team summarized it in a weekly update:
“With Zashi CrossPay you can now make private payments in any NEAR-supported cryptocurrency, from stablecoins to BTC, ETH or SOL — without exchanges, without extra apps and private by default.”
Enabling cross-chain shielded transactions increases utility and points to future price upside as adoption grows.
Over the past week, ZEC gained more than 43% and rose about 72% over the last month, outperforming the broader market.
ZEC price outlook
Technically, the outlook for ZEC appears broadly bullish. After a low near $38 on September 1, the price moved higher within an expanding wedge pattern.
Notably, upward momentum picked up after a falling wedge breakout on the daily chart. The rally followed the classic reversal pattern—converging downward trendlines signaling waning selling pressure—which helped Zcash stage a strong breakout.
Zcash price chart from TradingView
The daily close above the upper trendline near $40 and a successful retest validated the breakout and set the initial target at resistance around $54. The pattern implies a potential extension toward the psychologically important $100 level.
However, the Relative Strength Index (RSI) near 72 indicates the token has entered overbought territory.
While that suggests a likely short-term pullback, the Moving Average Convergence Divergence (MACD) histogram has turned positive and the MACD shows a bullish crossover.
Risks remain, including broader market corrections that could create headwinds for risk assets.