- Zcash price reaches a new peak, making Monero the top privacy coin challenger.
- Celebrity endorsements and short squeezes fuel ZEC’s massive rally.
- A rising wedge pattern suggests a possible 30% correction ahead.
Despite a broader pullback across the crypto market, Zcash price has surged to new highs and captured global attention.
ZEC briefly reached its highest level in eight years, marking one of the strongest rallies among major privacy-focused coins this year.
With growing investor interest, high-profile endorsements, and accelerated adoption of privacy technology, Zcash has re-emerged as a powerful force in the cryptocurrency market.
Demand for privacy drives Zcash price upward
Zcash (ZEC) has climbed 89% over the past two weeks, setting a new multi-year high near $388 and briefly overtaking Monero (XMR) to become the most valuable privacy-focused cryptocurrency by market capitalization.
With a market cap of roughly $6.2 billion, Zcash now ranks as the leading altcoin in the privacy sector.
The recent price surge reflects renewed demand for privacy coins amid rising global concerns about data surveillance and financial transparency.
More than 4.5 million ZEC—about 28% of the total supply—are now held in shielded addresses using Zcash’s zk-SNARK privacy protocol.
Source: ZecHub Dashboard
This milestone represents the highest level of private holdings since 2021 and signals increased confidence in and use of ZEC’s privacy features.
Shielded coins tend to remain off exchanges longer, which reduces the liquid supply and can increase upward pressure on Zcash’s price.
Celebrity endorsements and short squeezes fuel the momentum
Beyond the general demand for privacy, much of the excitement around ZEC can be traced to high-profile endorsements.
Well-known investor Naval Ravikant described Zcash as an “insurance policy against Bitcoin” in early October, triggering a dramatic single-day spike of roughly 60%.
Shortly after, Helius co-founder Mert Mumtaz publicly set a $1,000 target, while BitMEX founder Arthur Hayes suggested the token could reach $10,000—each endorsement adding to the rally and drawing new investors to the privacy-coin space.
The rally was also amplified by a wave of short liquidations.
In the past two weeks alone, ZEC futures saw around $65 million in liquidations, with more than half coming from short positions.
That dynamic created a classic short squeeze, forcing bearish traders to close positions as prices climbed, which in turn drew retail buyers into the market. Google search interest for “Zcash” rose in late October as fear of missing out (FOMO) spread.
The feedback loop between short liquidations and increasing retail demand has pushed ZEC into one of the most dramatic recoveries of 2025.
Zcash price outlook
Technically, Zcash remains in a strong position but faces short-term risks.
ZEC trades well above its 7-day simple moving average of $332.01 and its 200-day exponential moving average near $96.68.
Momentum indicators like the Relative Strength Index (RSI) and MACD signal strong bullish momentum, though both are approaching overbought levels.
The current $370–$400 zone represents key resistance; a sustained breakout above that range could clear the path toward $450.
However, chart analysts have identified a rising wedge pattern—a formation often preceding corrections—which could trigger a roughly 30% pullback to support in the $260–$270 range if momentum fades.
Zcash price analysis | Source: CoinMarketCap
The immediate support level to watch is $304.32, according to market analysis, and a break below that could open the door to a further decline toward $296.96 and then the broader $260–$270 support band.
Despite these technical warning signs, market sentiment remains overwhelmingly positive.
Zcash’s rally of roughly +900% year-to-date highlights strong investor conviction and a shift in market perception toward privacy coins.
While some whales have taken partial profits, on-chain data shows the number of ZEC holders rose by more than 60% over the past week, underscoring continued retail participation and interest.