The privacy-focused cryptocurrency Zcash (ZEC) is showing one of the best performances among the top 100 altcoins. Developed in 2016 based on the Bitcoin protocol, the coin uses advanced cryptographic technologies to protect user data and ensure transaction anonymity.
Over the past 30 trading days, the ZEC price has surged by 242%, and in the last 24 hours alone it added another 23%, reaching $186 — the highest level since April 2022. To confirm the bullish trend, it’s crucial for the price to consolidate above $158 on the weekly close.
If the upward movement continues, investors will likely target the March 2022 high near $218, where some profit-taking may occur. A successful breakout above this resistance could push the price toward $295 (the November 2021 peak). Under favorable market conditions, Zcash could even retest its all-time high of $371 from May 2021.
Analysts at Grayscale, the world’s largest crypto asset manager, project even higher long-term targets for Zcash.
However, if the price falls below $158, investors’ attention will shift to $122 — the recent weekly low. A sustained break under this level could trigger a deeper correction toward $78 (December 2024 level) or even $55 (May 2025 high).
The candlestick chart of ZEC/USDT highlights key support and resistance zones marked with orange lines and arrows, indicating possible upward and downward movements of the leading privacy cryptocurrency.