Zcash Price News: On Track to Hit $500 As Bulls Get Back In the Game

Zcash (ZEC) has gone up by 11% in the past 24 hours as this privacy token seems to be coming back to life after a pronounced downturn.

Trading volumes have jumped by 76% during this period, currently accounting for nearly 11% of the asset’s circulating market cap at $630 million.

ZEC is now trading above $350 as market sentiment has improved dramatically in the past few days. The price of oil is currently hovering slightly above $90, as the situation in the Middle East has stabilized to some extent.

Although the relationship between Iran and the United States remains tense, market participants seem to think that the worst of this conflict has passed.

Sentiment Improves and Zcash Bears Get Squeezed

The Fear and Greed Index reflects this view, as we saw a strong shift in the index’s trajectory recently, climbing to “Greed” territory for the first time since October 2025.

This reflects a growing appetite for risk and increases the odds of a much stronger relief rally ahead as bears get squeezed out of their positions. It also means a major turnaround compared to the “Extreme Fear” levels we saw in February.

In previous occassions, when sentiment changes directions this way, it usually means that we have hit either a local or a cycle bottom. For ZEC, that would be the $200 area.

ZEC Daily Liquidations – Source: CoinGlass

ZEC liquidations spiked in the past few days to $2 – $3 million, indicating an ongoing short squeeze. We saw much stronger spikes exceeding $10 million earlier this month as the token climbed above the $300 level.

We expect to see similar liquidations if the market pushes ZEC above $400 in the next few days.

Zcash Trading Volumes Rise Near “High-Conviction” Levels

According to data from Artemis, trading volumes for ZEC spiked to levels that have previously signaled high conviction moves.

Looking at the chart, we can see that weekly volumes rose above $4 billion back in October 2025, when Zcash started rallying from $166 to $700 in just two months. Similarly, volumes stood above that level as the token dipped and the price trend changed direction.

What this indicates is that “high-conviction” moves tend to be preceded by a spike in weekly volumes above the $4 billion threshold.

Interestingly, the past two weeks have ended near that mark. Data from CoinMarketCap shows that volumes this week have hit $1.8 billion from Monday to Thursday. This results in a simple run-rate of $3.1 billion for the entire week if the current trend persists.

Hence, we are still not in “high-conviction” territory, but this remains an interesting metric to watch as it could confirm the beginning of a definite change in Zcash’s trend direction if that $4 billion threshold is surpassed.

Bullish Momentum Gains Traction Again as Daily RSI Rises Above 60

Heading to the daily chart, a triple bottom formed at $200 between February and March. Buying interest was strong at this level and ultimately led to a break above a descending triangle.

Meanwhile, ZEC has now moved past the 200-day exponential moving average (EMA), meaning that the price trend has shifted from bearish to bullish.

After breaking above $300, the price retested this level from above and has now consolidated a strong bounce off this mark that could set the stage for a much stronger rally to $500. This means a 41% upside potential for the token.

The Relative Strength Index (RSI) recently hit “overbought” as it rose to 80, and the price started to retreat right after. After a brief pullback, it jumped back above 50 and currently sits at 64.

This means that bullish momentum is still strong, and further confirms that Zcash could be on track to hit $400 first and then $500 if it breaks that psychological resistance.

Zcash Shielded Transactions Are Still at Decent Levels

Zcash’s primary use case consists of masking the identity of token holders through shielded pools.

On-chain data indicates that shielded transactions currently account for only 20% of all of Zcash’s activity. This indicates that most of the demand comes from speculative uses and not for the privacy layer.

However, it also implies increased usage compared to 2024 levels. Meanwhile, between September and November 2025, as ZEC rallied to a local high of $740, shielded transactions accounted for around a quarter of the network’s activity.

These levels are consistent with what we have seen during previous price expansion phases. Hence, they set the stage for an explosive rally coming from increased demand from the speculative side, but also supported by higher usage of the privacy feature.

Latest Zcash Price Action Nears First Take-Profit Target at $400

In our latest Zcash price prediction, we outlined a trading opportunity at $328 that offered a risk-reward ratio of 4.4x. That trade is already in green territory after yesterday’s strong spike and today’s continuation of the move.

The first take-profit target should be the $400 area. At that point, this trade will yield 1.5x. Our risk management system is set to cut the position in half and move the stop price to break-even once that happens.

This achieves two things:

1. Secures some profit.
2. Turns the trade into a winning position immediately.

That increases the system’s win rate and maintains a healthy profit ratio. However, the rest of the position will remain open with a target set at $500.

We got three consecutive buy signals in the daily chart when ZEC traded below $300, indicating strong institutional participation in every bullish move.

Now, we expect another buy signal above this mark. This system is designed to identify a specific candle pattern with above-average trading volumes. If this happens above $300, that would further confirm that buying interest has transitioned to a higher price level.

Our base case for Zcash involves a breakout above $400 in the near term if bullish momentum persists, followed by a retest off this mark from above and a subsequent move to $500.

Cluster of Sell Signals Highlights Strong Selling Pressure at $400

Even though all technical indicators currently favor a bullish outlook, the 4-hour time frame shows that a strong cluster of “sell” signals showed up as ZEC retreated off the $400 mark.

ZEC/USD 4-Hour Chart – Source: TradingView

This confirms that Zcash must break past this sell wall to keep rallying or risk a much stronger drop, which would could possibly lead to a break below $300 this time.

We would like to see a similar cluster of “buy” signals after this strong bounce to confirm that bulls are back in the game. This would raise the odds of a break above that $400 wall and set the stage for the continuation of the rally toward the $500 target.