- Zcash price jumped to $69.04, a 23% gain in 24 hours, reaching a nine‑month high.
- The ZEC token could reach $100 in the coming weeks amid favorable momentum for cryptocurrencies.
- Zcash has outperformed other privacy coins such as Monero.
The price of Zcash (ZEC) surged to an intraday high of $69.04, marking its highest level in nine months.
While privacy-focused coins are currently trading around $68.24, this milestone reflects broader enthusiasm for privacy tokens and a recovering crypto market.
Zcash has led the rally ahead of other privacy coins like Horizen, suggesting bulls are reclaiming control at key levels.
Zcash price posts 23% pump in 24 hours
As major cryptocurrencies staged renewed rebounds, Zcash extended its recent bullish momentum and pushed to fresh multi‑month highs.
Over the past 24 hours, ZEC surged more than 23%, climbing from a low near $54 to above $69, returning to levels last seen in December 2024.
This move to a nine‑month high lines up with a wider revival of privacy‑focused assets. Drivers include renewed attention on privacy features across tokens such as Zcash, Monero (XMR) and Horizen (ZEN).
Institutional interest has also increased, with open interest in these coins hitting multi‑month highs alongside other factors such as crypto treasury strategies.
For Zcash, the rollout of initiatives like Zashi CrossPay, launched on September 16 via the NEAR protocol, has added a fresh catalyst and highlighted ZEC’s potential.
What does Zashi CrossPay mean for a privacy coin? The Zcash team summarized it in a weekly update:
“With Zashi CrossPay you can now make private payments in any cryptocurrency supported by NEAR — from stablecoins to BTC, ETH or SOL — no exchanges, no extra apps, and private by default.”
Enabling cross‑chain shielded transactions boosts utility and points to additional price upside as adoption grows.
ZEC gained more than 43% over the past week and roughly 72% over the past month, outperforming the broader market.
ZEC price outlook
The technical outlook for ZEC is largely bullish. After a low of $38 on September 1, ZEC has traded higher inside an expanding wedge pattern.
Notably, bullish momentum accelerated after a breakout from a descending wedge on the daily chart. The subsequent rally followed a classic reversal pattern where converging downward trendlines signaled waning selling pressure, helping Zcash to surge.
Zcash price chart according to TradingView
Closing ZEC above the upper trendline near $40 and a successful retest confirmed the breakout and targeted initial resistance at $54. The pattern suggests potential extension toward the psychologically significant $100 level.
However, the relative strength index (RSI) sits around 72, indicating the asset has entered overbought territory.
While that raises the likelihood of a pullback, the MACD histogram has turned positive and the MACD line signals a bullish crossover.
Risks include a broader market correction that could pressure risk assets and trigger downside for ZEC as well.