ZEC’s Price Soars Over 50% as Traders Flock to Privacy Coins
- Zcash jumps past $230 with over 50% weekly surge as privacy coins regain strong momentum.
- Grayscale’s ZEC trust fuels rising institutional demand and stronger market confidence.
- Weekly RSI at 91 hints ZEC is overbought as price nears a key resistance zone.
Zcash’s native token, ZEC, is back in the spotlight after a sharp rally lifted its price above $230, its highest level in four years. The surge, totaling more than 21% in a single day, marks a striking comeback for one of crypto’s earliest privacy coins.
Data from CoinGecko shows ZEC has soared over 50% in seven days, outpacing Bitcoin, Ethereum, and most large-cap assets. The renewed momentum has ignited broader interest in privacy tokens as traders hunt for assets beyond mainstream narratives.
Privacy Tokens Dominate as Traders Shift Focus
Zcash’s rise was part of a wider rotation into privacy-focused cryptocurrencies. Dash jumped 45%, while Horizen (ZEN) climbed 38% in the past 24 hours. Collectively, privacy coins gained around 15% across the board, signaling revived confidence in censorship-resistant ecosystems.
Analysts point to growing concern over financial surveillance laws in Europe and the renewed appeal of privacy tools in global digital finance. Many see Zcash’s recent mobile wallet integrations and improved accessibility as added fuel for this momentum.
Another key catalyst behind the surge has been Grayscale’s recent creation of a dedicated ZEC trust, a move that broadened institutional access to the asset. The trust has drawn strong interest from professional investors seeking diversified crypto exposure, solidifying Zcash’s role as a serious player in the evolving privacy space.
Trading data supports the trend. ZEC derivatives turnover exceeded $2.5 billion in the past 24 hours, reflecting deep market engagement. Other privacy projects, including Railgun, also saw rising activity as investors chased performance within the niche.
Experts Weigh In on Zcash’s Explosive Price Rally
Supporters say the rally is about more than speculation. Emmy Award winner and former White House adviser Thor Torrens, who serves on the Zcash advisory panel, noted that the world is entering an era of tighter control.
“Surveillance and censorship are increasing, not decreasing,” Torrens wrote on X. “Privacy will continue to become more valuable, not less.” He believes Zcash’s next halving cycle could reinforce scarcity and strengthen its long-term case, making it both a moral and market-driven choice for investors.
Despite the rally, ZEC’s price remains far below its 2016 all-time high of $5,941. Analysts warn that while the momentum is promising, sustained growth will depend on adoption, regulatory clarity, and real-world use cases.
Still, the near 400% monthly rise has reminded the market that privacy coins are not fading relics but assets capable of leading new narratives in crypto’s evolving landscape.
Related: Dogecoin (DOGE) Holds 200-Day EMA, Targets $0.27 Resistance
Zcash Price Action
Zcash’s (ZEC) strong rally may be nearing a turning point as technical indicators begin to flash signs of exhaustion. The weekly Relative Strength Index (RSI) has climbed to 91, a level far above the standard overbought reading of 70.
Such a high reading often reflects intense buying pressure and can suggest that momentum is starting to fade as traders secure profits after a rapid price run. Adding to this, the Murrey Math Lines on ZEC’s weekly chart show the token pressing against the +1/8 overshoot zone near $225, a range that frequently signals overextension.
Historically, moves into this area have been followed by brief corrections as the market cools and resets before attempting another leg higher. Trading volume supports this cautious outlook.
The tall green bars across recent sessions highlight strong accumulation and broad participation from buyers. Yet, sharp spikes in volume during steep rallies can also hint that enthusiasm is peaking, often preceding a short-term pullback.
In summary, Zcash’s technical setup remains powerful but stretched. While the long-term trend still leans bullish, traders should stay alert for signs of consolidation or reversal as the market digests its recent surge.
