- Zcash price reaches a new peak, making Monero the leading privacy coin.
- Celebrity endorsements and short squeezes fuel ZEC’s massive rally.
- An ascending wedge pattern hints at a possible 30% correction ahead.
The price of Zcash has defied the broader cryptocurrency market downturn, climbing to new highs and drawing global attention.
ZEC has just surged to an eight-year high, marking one of the strongest rallies among major privacy-focused coins this year.
With growing investor interest, celebrity endorsements, and rapid adoption of privacy technologies, Zcash has re-emerged as a powerful force in the crypto market.
Privacy demand fuels Zcash price rally
Zcash (ZEC) has jumped 89% over the past two weeks, reaching a new high of $388 and propelling Monero (XMR) into the top spot among privacy-centered cryptocurrencies.
With a market capitalization around $6.2 billion, Zcash now stands as the leading altcoin in the privacy sector.
The surge in ZEC price reflects renewed demand for privacy coins amid rising global concerns about data surveillance and financial transparency.
More than 4.5 million ZEC—roughly 28% of the total supply—are now held in shielded addresses using Zcash’s zk-SNARK privacy protocol.
Source: ZecHub dashboard
This milestone marks the highest level of private holdings since 2021, signaling increased trust in and use of ZEC’s privacy technology.
Shielded coins tend to stay off exchanges longer, reducing liquid supply and adding upward pressure to Zcash’s price.
Celebrity backing and short squeezes add momentum
Beyond general demand for privacy coins, much of the excitement around ZEC stems from high-profile endorsements.
Prominent investor Naval Ravikant described Zcash as an “insurance policy against Bitcoin” earlier in October, triggering a one-day price surge of about 60%.
Soon after, Helius cofounder Mert Mumtaz set a $1,000 target, while BitMEX cofounder Arthur Hayes suggested ZEC could reach $10,000.
Each endorsement sparked fresh gains and drew new investors into the privacy coin space.
The rally has also been amplified by a wave of short liquidations.
In the past two weeks alone, ZEC futures saw roughly $65 million in liquidations, with more than half coming from short positions.
That created a classic short squeeze, forcing bearish traders to close positions as prices climbed.
Retail investors followed suit, and Google search trends for “Zcash” spiked in late October as FOMO (fear of missing out) set in.
The feedback loop between short liquidations and rising retail demand has driven ZEC to one of 2025’s most dramatic recoveries.
Zcash price outlook
From a technical standpoint, Zcash sits in a strong position but faces short-term risks.
ZEC currently trades well above its 7-day simple moving average of $332.01 and its 200-day exponential moving average near $96.68.
Indicators such as the Relative Strength Index (RSI) and MACD point to strong bullish momentum, though both are approaching overbought territory.
The current $370–$400 zone represents a critical resistance area; a sustained breakout could set the stage for a move toward $450.
However, chart analysts have identified an ascending wedge pattern—often a precursor to corrections—which could lead to a 30% pullback toward the $260–$270 support range if 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 open the way to the next support at $296.96 and ultimately toward the $260–$270 range.
Despite these technical warning signs, market sentiment remains overwhelmingly positive.
Zcash’s year-to-date gain of more than 900% shows strong investor conviction and a structural shift in how the market views privacy coins.
Although whales have taken partial profits, on-chain data indicates the number of ZEC holders increased by over 60% in the past week, underscoring continued retail participation.