Zcash price hits a new peak, flipping Monero as the top privacy coin.
Celebrity endorsements and short squeezes fuel ZEC’s massive rally.
Rising wedge pattern formation hints at a possible 30% correction ahead.
The Zcash price has defied the broader crypto market downturn, soaring to new heights and capturing global attention.
The ZEC price just surged to an eight-year high, marking one of the strongest rallies among major privacy coins this year.
With growing investor interest, celebrity endorsements, and accelerating adoption of privacy technologies, Zcash has reemerged as a powerful force in the cryptocurrency market.
Privacy demand ignites Zcash price rally
Zcash (ZEC) has skyrocketed 89% over the past two weeks, hitting a new all-time high (ATH) of $388 and flipping Monero (XMR) to become the most valuable privacy-focused cryptocurrency.
At a market capitalisation of around $6.2 billion, Zcash now stands as the leading altcoin in the privacy sector.
Notably, the surge in the ZEC price reflects a wave of renewed demand for privacy coins amid rising global concerns about data surveillance and financial transparency.
Over 4.5 million ZEC, roughly 28% of the total supply, are now held in shielded addresses using Zcash’s zk-SNARK privacy protocol.
This milestone marks the highest level of private holdings since 2021, signalling increased trust and usage of ZEC’s privacy technology.
Shielded coins tend to remain off exchanges longer, reducing liquid supply and adding upward pressure to the Zcash price.
Celebrity endorsements and short squeezes fuel the momentum
Besides the privacy coins demand, a significant percentage of the excitement surrounding the ZEC token can also be traced to high-profile endorsements.
Renowned investor Naval Ravikant described Zcash as “insurance against Bitcoin” in early October, triggering a massive 60% daily price jump.
Soon after, Helius co-founder Mert Mumtaz floated a $1,000 target, while BitMEX co-founder Arthur Hayes predicted that the ZEC price could rise to $10,000.
Each endorsement fueled further gains and drew new investors to the privacy coin sector.
The rally has also been amplified by an influx of short liquidations.
In the past two weeks alone, ZEC futures recorded approximately $65 million in liquidations — more than half from short positions.
This created a classic short squeeze, forcing bearish traders to close positions as prices climbed higher.
Retail investors followed suit, with Google search trends for “Zcash” spiking in late October as fear of missing out (FOMO) took hold.
The feedback loop between short liquidations and rising retail demand has propelled the ZEC token into one of the most dramatic recoveries of 2025.
Zcash price forecast
From a technical perspective, Zcash remains in a strong position but faces short-term risks.
The ZEC price 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 levels.
The current $370–$400 zone represents a critical resistance area, and a sustained breakout could set the stage for a move toward $450.
However, chart analysts have identified a rising wedge pattern — typically a precursor to corrections — that could lead to a 30% pullback toward the $260–$270 support range if momentum weakens.
The immediate support level to watch is $304.32, according to CoinLore’s analysis, which, if breached, could lead to a further decline to the next support level at $296.96, and further to the $260–$270 support range.
But despite these technical warning signs, market sentiment remains overwhelmingly positive.
Zcash’s +900% year-to-date rally demonstrates deep investor conviction and a structural shift in the market’s perception of privacy coins.
While whales have taken partial profits, on-chain data shows that the number of ZEC holders has surged by more than 60% in the past week, underscoring continued retail participation.
