HomeCryptoDailyZCash Enters Top 25: Can It Smash 9-Year-Old Peak? Parth...

ZCash Enters Top 25: Can It Smash 9-Year-Old Peak? Parth Dubey

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 ZCash (ZEC) has surged to a four-year high, outperforming all major cryptocurrencies as investor enthusiasm for privacy coins reignites.
The post ZCash Enters Top 25: Can It Smash 9-Year-Old Peak? appeared first on Coinspeaker. –   [NC] has started the week with a powerful rally, surging over 20% in the past 24 hours and outperforming all other top 50 cryptocurrencies by market cap. The surge added over $1 billion to its market capitalization, sending ZEC into the top 25 cryptocurrencies.

At the time of writing, ZEC is trading around $354, its highest level in nearly four years.

The ZEC price rally, which started earlier in October, gained momentum following a post by BitMEX co-founder Arthur Hayes, a well-known voice in crypto circles.

In his October 26 post on X, Hayes described ZCash as a “vibe check” and suggested the token could eventually reach $10,000.

The post quickly went viral, triggering a rush of traders eager not to miss out. The rally also brought a massive 250% spike in trading volume, currently sitting around $1.6 billion.

While Zcash remains 93% below its 2016 all-time high of $5,941, renewed momentum has sparked speculation that it could finally reach a new peak.

On-Chain Developments

Beyond social media hype, analysts believe Zcash’s rise reflects a renewed investor focus on privacy coins as governments worldwide tighten crypto oversight.

Recent on-chain data shows a record surge in shielded transaction volumes, signaling deeper adoption of Zcash’s privacy features. Zcash’s developers have also announced upcoming upgrades, such as Network Update 6.1, which will improve cross-chain interoperability and scalability.

The cryptocurrency’s integration into THORSwap’s cross-chain ecosystem has also increased its accessibility within decentralized finance (DeFi). These developments have strengthened Zcash’s fundamentals and helped drive renewed investor confidence.

ZEC Price Eyes $420

Zcash’s daily price chart suggests a strongly bullish structure, with many believing it could be the next crypto to explode. The RSI suggests ZEC is in overbought territory, a condition often seen before short-term corrections.

However, sustained bullish momentum could keep the price high if buyers maintain control. A close above $375 could signal continuation toward the next resistance near $420.

ZEC price chart with RSI and Bollinger Bands | Source: TradingView

ZEC price chart with RSI and Bollinger Bands | Source: TradingView

The Bollinger Bands show ZEC pushing above the upper band, suggesting the ongoing uptrend is strong. But in case of a price drop, key support lies around the mid-band (20-day SMA) at $250.

The MACD indicator remains bullish, with the MACD line trending above the signal line and widening, a sign of strong buying momentum. However, traders should watch for potential divergences or crossovers that might signal fading momentum.

ZEC price chart with MACD | Source: TradingView

ZEC price chart with MACD | Source: TradingView

The post ZCash Enters Top 25: Can It Smash 9-Year-Old Peak? appeared first on Coinspeaker.

 Cryptocurrency News, News, arthur hayes, zcash, zec News Archives – CoinspeakerRead More


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