- Zcash price surged to $69.04, rising 23% in 24 hours to reach a nine‑month high.
- The ZEC token could approach $100 in the coming weeks amid favorable conditions for cryptocurrencies.
- Zcash has outpaced other privacy coins, including Monero.
Zcash (ZEC) climbed to intraday highs of $69.04, its strongest level in nine months. Trading around $68.24 at the time of writing, the rally reflects renewed interest in privacy-focused tokens and a recovering broader crypto market.
The move places Zcash ahead of peers such as Horizen, suggesting that bullish momentum is taking hold at key technical levels.
Zcash price posts 23% gain in 24 hours
As leading cryptocurrencies staged fresh rebounds, Zcash extended its recent upside, hitting multi‑month highs. ZEC rose more than 23% in 24 hours, climbing from roughly $54 to over $69 and returning to price levels last seen in December 2024.
This surge coincides with a broader revival in privacy assets. Renewed attention on privacy features across tokens like Zcash, Monero (XMR) and Horizen (ZEN) has supported demand. Institutional interest appears to be increasing as well, with open interest for several privacy coins reaching multi‑month highs amid adoption and evolving treasury strategies.
One specific catalyst for Zcash is the rollout of initiatives such as Zashi CrossPay, launched on September 16 on the NEAR Protocol. The project highlights ZEC’s expanding use cases. As the Zcash team summarized 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, no exchanges, no extra apps, and always private by default.”
By enabling cross‑chain shielded transactions, Zashi CrossPay enhances utility and strengthens the case for further adoption and price appreciation.
Over recent time frames, ZEC has outperformed the market, rising more than 43% over the past week and about 72% in the past month.
ZEC price outlook
The technical picture for ZEC remains predominantly bullish. Since touching a low near $38 on September 1, Zcash has trended higher inside a broadening wedge formation. The rally accelerated after a falling wedge breakout on the daily chart — a classic reversal pattern where converging downward trendlines indicate easing selling pressure.
ZEC’s decisive close above the upper trendline near $40, followed by a successful retest, confirmed the breakout and set an initial resistance target at $54. The pattern leaves room for a further extension, with $100 cited as a psychologically significant target should bullish momentum continue.
Technical indicators are mixed. The Relative Strength Index (RSI) sits around 72, indicating the asset has entered overbought territory and a short‑term pullback is possible. At the same time, the MACD histogram has turned positive and the MACD lines point toward a bullish crossover, supporting continuation of the uptrend.
Key risks include a broader market correction that could weigh on risk assets across the board. Traders should watch for potential retracements and monitor market‑wide sentiment in addition to ZEC’s own technical setup.