Privacy coin Zcash (ZEC) is experiencing a historic surge. The digital asset climbed nearly 287% in the past month. At the time of reporting, ZEC is now trading at the $190 mark.
With a trading volume of $891.89 million in the last 24 hours, which is an 88% increase in trading activity. This massive price action is attracting global attention.
ZEC Price Action | Source: CoinMarketCap
The recent upward push is clearly driven by institutional interest. Recently, Grayscale, a major fund manager, has made Zcash its next major focus. The Grayscale Zcash Trust (ZCSH) offers U.S. investors direct exposure.
This fund is accessible through a regular brokerage account. Grayscale’s trust value has already surged 340% in six months. This confirms that a strong institutional demand is entering the market.
With this, ZEC maximalists are now expecting a new all-time high price. Some analysts are even eyeing the $5,000 price point. This sudden rush of buying pressure liquidated over $2 million in short positions, according to Coinglass. This suggests extreme momentum is driving the parabolic move.
Technical Analysis
On the weekly chart, Zcash began its climb on September 22, 2025, after a steady phase of sideways movement. Since then, the market has gone up over 300%, breaking past the $170 resistance level.
The price is now heading towards the $215 mark, which could also serve as a resistance level. This level represents a major swing high from early 2022. Successfully breaching this barrier is essential for continuation.
ZEC Technical Analysis | Source: TradingView
Looking forward, in the short term, market momentum remains strong, and the price could soon test the $215 level
However, the Relative Strength Index (RSI) reading of 89.87 suggests that ZEC is overbought, which may lead to a brief pause or mild pullback before the next move.
ZEC momentum Movement | Source: TradingView
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