- Zcash price surges 36% to over $600 amid Bitcoin price rally.
- ZEC’s rise comes as the rise in protected supply highlights the strength of Zcash.
- Bulls could target $700 and cycle highs, but the RSI indicates profit taking.
Zcash (ZEC) is riding the latest wave in the cryptocurrency market, rising alongside the price of Bitcoin towards $82,000.
As major assets approach this key psychological barrier, altcoins are joining the rally, with Ton Coin (TON) up 22%, Internet Computer (ICP) up 18%, and Near Protocol (NEAR) up 15% over the past 24 hours.
This widespread rally signals renewed investor appetite for privacy-focused, scalable protocols amid Bitcoin’s dominance falling to 54%.
Zcash explodes 36% to over $600
Zcash price has risen 36% over the past week, touching the $600 resistance level early Wednesday.
The privacy coin rose to highs of $606 on Coinbase, reaching its highest level since November 2025.
Meanwhile, open interest on major futures platforms such as Binance and OKX rose to $1.3 billion, compared to $964 million the previous day.
These metrics reflect growing conviction and helped push bulls past key resistance at $450 and $540. ZEC price was hovering at $578 at the time of writing, with the $600 level now the immediate hurdle.
Why is the price of Zcash rising?
As mentioned earlier, Zcash’s rise has gained momentum amid Bitcoin’s rally. However, ZEC’s rise has also accelerated amid major institutional developments.
Robinhood’s late April listing of spot trading firm ZEC opened access to millions of retail users, including those in New York for the first time, injecting new liquidity into the market.
The Bulls also benefited from Grayscale’s request to turn the Zcash Trust into an exchange-traded fund, a move that could attract billions in traditional capital.
Zcash has also seen its shielded supply steadily rise, underscoring the growing reliance on shielded transactions.
Multicoin Capital, which has amassed a large position in ZEC, highlights this rally. Co-founder and Managing Partner Tushar Jain emphasized ZEC’s appeal for X:
We believe that censorship and seizure-resistant private assets have a clear product market fit and that demand for them is accelerating. We believe ZEC is the cleanest way to express this thesis in the public markets.
Zcash Price Prediction – Next Cycle Highs for ZEC?
Despite the rally, Zcash is still far from its 2016 all-time high.
However, prices have risen significantly since the lows of $15 in July 2024, and this rally has seen bulls break the stubborn supply wall that has capped prices since December 2025.
A rise to $600 could pave the way to higher levels, with upside momentum potentially fueled by fresh institutional and retail accumulation amid ETF prospects and demand for privacy.
If this continues, buyers will be eyeing the $700 level as the next target, in line with last year’s cycle highs. A move towards $850 and $1,000 could be in line with a massive rally across cryptocurrencies.
However, technical indicators temper the immediate optimism. The Relative Strength Index (RSI) on the daily chart is at 86, indicating overextension and hinting at a pullback.
A retest of support at $452 (recent breakout level) or deeper at $378 (multi-month accumulation area) could attract bears.
But these could provide entry points for a renewed uptrend.
