- Zcash price climbed 36% to above $600 amid Bitcoin’s uptick.
- ZEC’s rally comes as a surge in shielded supply highlights Zcash’s strength.
- Bulls could target $700 and cycle highs, but RSI signals profit-taking.
Zcash (ZEC) is riding the latest wave in the cryptocurrency market, surging alongside Bitcoin’s charge toward $82,000.
As the flagship asset nears this key psychological barrier, altcoins are joining the rally, with Toncoin (TON) climbing 22%, Internet Computer (ICP) gaining 18%, and Near Protocol (NEAR) up 15% in the past 24 hours.
This broad uptick signals a renewed investor appetite for privacy-focused and scalable protocols amid a dip in Bitcoin’s dominance to 54%.
Zcash explodes 36% to above $600
Zcash’s price has skyrocketed 36% over the past week, flirting with the $600 resistance level early Wednesday.
The privacy coin rose to highs of $606 on Coinbase, hitting its highest level since November 2025.
Meanwhile, open interest on major futures platforms like Binance and OKX has surged to $1.3 billion, up from $964 million the day before.
These metrics reflect surging conviction and have helped propel bulls past key resistances at $450 and $540. ZEC hovered at $578 at the time of writing, with the $600 mark now acting as the immediate hurdle.
Why is Zcash price surging?
As noted, Zcash’s ascent gained momentum amid Bitcoin’s rally. However, ZEC’s surge has also accelerated amid key institutional developments.
Robinhood’s late April listing of ZEC for spot trading unlocked access for millions of retail users, including those in New York for the first time, injecting fresh liquidity into the market.
Bulls also rode Grayscale’s filing to convert its Zcash Trust into a spot ETF, a move that could draw billions in traditional capital.
Zcash has also seen its shielded supply rise steadily, underscoring growing adoption for shielded transactions.
Multicoin Capital, which has amassed a substantial ZEC position, highlights this uptick. Co-founder and managing partner Tushar Jain emphasized ZEC’s appeal on X:
We believe that truly private, censorship and seizure resistant assets have clear product-market fit and demand is accelerating. We believe ZEC is the cleanest way to express this thesis in public markets.
Zcash price prediction – cycle highs next for ZEC?
Despite the rally, Zcash remains far from its all-time high set in 2016.
Yet, prices have surged significantly since lows of $15 in July 2024, and this uptick has seen bulls shatter the stubborn supply wall that capped prices since December 2025.
Rising to $600 could clear a path for higher levels, with bullish momentum likely bolstered by fresh institutional and retail accumulation amid ETF prospects and privacy demand.
If this holds, buyers will eye $700 as the next target, aligning with last year’s cycle highs. Movement towards $850 and $1,000 could align with an explosive rally across crypto.
However, technical indicators temper immediate optimism. The Relative Strength Index (RSI) on the daily chart sits at 86, signaling overextension and hinting at a pullback.
A retest of support at $452 (the recent breakout level) or deeper at $378 (a multi-month accumulation zone) could attract bears.
But these could offer entry points for renewed upside.
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