Zcash Price News: ZEC Bounces Off Key Support and Could Rally to $500

Zcash (ZEC) has gone up by 50% in the past 30 days and just bounced off a key support at $300 as demand for privacy tokens seems to be coming back.

Trading volumes remain quite high at $460 million, accounting for 8.4% of the token’s circulating market cap, indicating persistent buying.

Although sentiment has improved, the situation in the Middle East remains quite volatile and unpredictable.

President Donald Trump recently said that he expects to make a “great deal” with Iran, as the ceasefire between the two countries has endured.

Oil prices have been retreating in the past few days, dropping from a local peak of $117 to less than $90 at the time of writing. This could have eased analysts’ concerns about a spike in inflation via higher energy prices.

Other cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), have also posted strong gains in the past month, but none compared to ZEC.

Demand for Zcash’s Shielded Pools Declines

According to data from ZecHub, inflows to the Orchard shielded pool were positive in the past couple of weeks, with 10.7 million tokens being transferred to these vaults to mask transactions.

However, the percentage of shielded ZEC has been dropping for two weeks in a row, moving from 26% to 20% right now. This also means a 15% retreat from this metric’s peak in late February.

This could be an indication that the rally is now more speculative, as traders could be once again expecting a spike in the price of ZEC similar to what we saw in late 2025.

Similarly, on-chain data shows that transaction volumes within the Orchard pool have dropped from a recent peak of 13,700 during the week ended on February 22 to 8,300 as of last week, meaning a 39.4% decline.

Zcash Bounces Off $300 and Offers a 4.4x Swing Trade

In our previous Zcash price prediction, we said that a retreat to $325 was highly likely, and that’s exactly what happened. The market sold off ZEC after nearing the $400 threshold and retested the $300 support successfully.

Right now, the price action reflects that liquidity at this key support seems to be strong. The price has been recovering for two days in a row, which increases the odds of a profitable retest.

This sets the stage for a potential swing trade, with an entry at current levels, and a stop price set right below $300, and a target at $500. This trade offers a 4.4x risk-reward ratio.

The Relative Strength Index (RSI) remains above the mid-line, indicating that bullish momentum is still strong. Hence, we expect that this rally will continue over the next few days as long as market sentiment continues to improve.

Heading down to the 4-hour time frame, we can see that two consecutive sell signals popped up after ZEC hit $395. This indicated strong selling pressure at a key level.

Hence, we would love to see a buy signal showing up in this lower timeframe, ideally today, during the American session, as that would raise the odds of an upcoming rally to $500.