- Zcash price jumped to $69.04, a 23% rise in 24 hours, marking a nine-month high.
- The ZEC token could reach $100 in the coming weeks as favorable conditions lift the broader crypto market.
- Zcash is outperforming other privacy coins such as Monero.
The price of Zcash (ZEC) surged to an intraday high of $69.04, the highest level seen in nine months.
Although the privacy coin is currently trading around $68.24, the new peak reflects growing enthusiasm for privacy-focused assets and a recovering crypto market.
Zcash is leading moves higher among privacy coins, with peers like Horizen also showing strength—signs that buyers are taking control at key levels.
Zcash price posts a 23% pump in 24 hours
As major cryptocurrencies pushed for renewed rebounds, Zcash extended recent upward momentum to reach fresh multi-month highs.
ZEC climbed more than 23% in 24 hours, rising from a low near $54 to above $69, returning to levels last seen in December 2024.
This nine-month high coincides with a broader revival of privacy-oriented assets. Drivers behind the move include renewed interest in privacy features across tokens such as Zcash, Monero (XMR) and Horizen (ZEN).
Institutional interest is also increasing: open interest for these coins hit multi-month highs amid other supportive factors like crypto treasury strategies.
For Zcash, new initiatives such as Zashi CrossPay, launched on September 16 via the NEAR protocol, are bringing fresh attention to ZEC’s potential.
So what does Zashi CrossPay mean for the privacy coin? The Zcash team summarized its impact 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—without exchanges, without extra apps, and private by default.”
Enabling screened cross-chain transactions increases utility and highlights potential price upside as adoption grows.
ZEC has gained more than 43% in the past week and 72% over the last month, outperforming the broader market.
ZEC price outlook
Technical outlooks for ZEC are largely bullish. After hitting a low of $38 on September 1, Zcash traded higher within an expanding wedge pattern.
Momentum accelerated following a breakout from a descending wedge on the daily chart. The classic reversal pattern—where converging downtrend lines signal easing selling pressure—helped fuel Zcash’s rally.
Zcash price chart according to TradingView
The close above the upper trendline near $40 and a successful retest confirmed the breakout, pointing to initial resistance around $54. The pattern suggests a possible extension toward the psychologically important $100 threshold.
That said, the Relative Strength Index (RSI) at 72 indicates ZEC has entered overbought territory.
While that raises the likelihood of a short-term pullback, the Moving Average Convergence Divergence (MACD) histogram has turned positive and the MACD line indicates a bullish crossover.
Risks include wider market corrections driven by negative macro or crypto-specific headwinds that could weigh on risk assets.