Zcash (ZEC) is once again attracting attention after a dramatic recovery. After plummeting to around $548 on Monday, the privacy coin has rebounded sharply, gaining 12% in the past 24 hours to regain the $670 level.
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After soaring more than 1,500% since the beginning of the year and 175% last month, the privacy-focused cryptocurrency is currently testing a major bullish breakout pattern, leaving traders wondering what will happen next and whether ZEC can really maintain this momentum.
ZEC's price trends to the upside on the daily chart. Source: ZECUSD on Tradingview
Institutional accumulation promotes strong updrafts
Zcash’s rapid growth was primarily fueled by active accumulation by prominent institutional investors.
newly rebranded cypherpunk technologyWith support from Tyler and Cameron Winklevoss, we raised 233,644 ZEC, worth approximately $150 million. This hidden asset currently accounts for about 1.25% of the circulating supply, and the company has publicly announced plans to increase its stake to at least 5%.
This concentration level has tightened fluid supplies and injected strong confidence throughout the market. In support of this trend, long-time privacy advocate Arthur Hayes has publicly endorsed ZEC, predicting it will reach $1,000, and even suggesting that Zcash could eventually reach 20% of Bitcoin’s value.
The upcoming November 2025 halving adds another layer of bullishness. With block rewards scheduled to decrease by 50%, ZEC will enter an environment of significantly reduced issuance, which has historically been a strong driver of scarcity-driven rallies across major cryptocurrencies.
Technical indicators point to a possible Zcash (ZEC) breakout
On the technical side, Zcash A typical inverted head-and-shoulders formation is being confirmed on the 4-hour chart. The neckline is near $690, and a decisive break above this level could pave the way to $956, a nearly 40% increase from recent prices.
ZEC is also trading above its 50-day EMA of $613, with a green supertrend signal suggesting sustained bullish momentum. Still, analysts caution that ZEC needs to remain above the EMA to avoid invalidating the formation. The main support remains between $600 and $605, but momentum has subsided recently.
Coordinated influence and growing privacy demands
Beyond charts and supply mechanisms, market observers say there’s also a coordinated narrative push at work. Crypto media personality Ran Neuner believes that influential players in the industry are rallying behind Zcash and spotlighting privacy as an important next frontier.
He says this is less a pump-and-dump and more of a long-term mission for compliant, user-controlled privacy, a feature that distinguishes ZEC from rivals like Monero.
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If ZEC can maintain its breakout structure and demand for privacy-focused assets continues to grow, Zcash could be positioned to not only see a short-term surge but seriously challenge broader market rankings in the coming months.
Cover image from ChatGPT, ZECUSD chart from Tradingview
