- Zcash price has reached a new high, and Monero is now the top privacy coin by market value.
- Celebrity endorsements and short squeezes have driven ZEC’s massive rally.
- An ascending wedge pattern suggests a possible 30% correction ahead.
Zcash price defied the broader crypto market downturn, surged to fresh highs, and drew global attention.
ZEC recently climbed to an eight-year high, marking one of the strongest rallies among major privacy coins this year.
With growing investor interest, celebrity endorsements, and accelerating adoption of privacy technologies, Zcash has reemerged as a powerful force in the cryptocurrency market.
Demand for privacy fuels Zcash price surge
Over the past two weeks, Zcash (ZEC) vaulted about 89%, reaching a new all-time high of $388, outperforming Monero (XMR) to become the highest-valued privacy-focused cryptocurrency in market capitalization.
With a market cap near $6.2 billion, Zcash now ranks among the leading altcoins in the privacy sector.
The ZEC price rally reflects renewed demand for privacy coins amid growing global concerns about data surveillance and financial transparency.
More than 4.5 million ZEC—roughly 28% of the total supply—is now held in shielded addresses using Zcash’s zk-SNARK privacy protocol.
Source: ZecHub Dashboard
This represents the highest level of shielded holdings since 2021, signaling increased confidence in and use of Zcash’s privacy features.
Shielded coins tend to remain off exchanges for longer periods, reducing available liquidity and applying upward pressure on Zcash’s price.
Celebrity endorsements and short squeezes fuel momentum
Beyond privacy-driven demand, much of the excitement around ZEC can be traced to high-profile endorsements.
Renowned investor Naval Ravikant described Zcash in early October as “insurance against Bitcoin,” triggering a dramatic one-day price jump of roughly 60%.
Soon after, Helius cofounder Mert Mumtaz set a $1,000 target for ZEC, while BitMEX cofounder Arthur Hayes predicted prices could eventually reach $10,000. Each endorsement helped sustain momentum and drew new investors to the privacy-coin space.
The rally was further amplified by a wave of short-liquidations. In the last two weeks alone, ZEC futures liquidations totaled approximately $65 million, with more than half coming from short positions.
That created a classic short squeeze, forcing bearish traders to cover positions as prices climbed. Retail investors followed suit, and Google search trends for “Zcash” spiked in late October as fear of missing out (FOMO) spread.
The feedback loop between short liquidations and rising retail demand 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 such as the Relative Strength Index (RSI) and MACD show strong bullish momentum, though both approach overbought levels.
The $370–$400 zone is a critical resistance area; a sustained breakout could open the path toward $450.
However, analysts have identified an ascending wedge formation—often a precursor to corrections—that could trigger a roughly 30% pullback toward the $260–$270 support range if bullish momentum fades.
Zcash price analysis | Source: CoinMarketCap
Immediate support to watch is $304.32, according to CoinLore’s analysis; a break below that level could lead to further drops toward $296.96 and then the $260–$270 support band.
Despite these technical warnings, overall market sentiment remains largely positive.
Zcash’s year-on-year rally of roughly +900% underscores strong investor conviction and a structural shift in how privacy coins are perceived in the market.
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, highlighting continued retail participation.