Zcash Price Eyes $1,000 as Social Volumes Flash Buy Signal

Zcash (ZEC) has gone up by 74% in the past 30 days after surpassing the $800 mark for the first time since January 2018.

A supportive regulatory framework pushed forward by the U.S. Securities and Exchange Commission (SEC) last week, along with the Treasury Department’s decision to double bond buybacks, catapulted the crypto market and managed to turn market sentiment around.

This privacy token is currently the best-performing crypto in the top 10, excluding stablecoins, booking a 56% year-to-date (YTD) gain as a result.

Trading volumes have stood at high levels lately, indicating persistent buying pressure on ZEC. At the time of writing, nearly $1.3 billion worth of ZEC has exchanged hands — a figure that accounts for 9.5% of the asset’s circulating market cap.

Short Liquidations Spike as Zcash Breaks Past $700 Resistance

Short liquidations for ZEC surged beyond $100 million from August 18 to August 21, as the price of the token rallied from around $500 to $800 during this period.

This short squeeze is the reason why the price of the token has managed to rise to its current high levels, along with a steady rise in the demand for its privacy feature, despite the blockchain’s recent technical hurdles.

It appears that users have been successfully adopting the new Ironwood pool — a new protocol that aimed to respond to the security flaws discovered by auditors recently that revealed a hidden exploit within the blockchain’s code.

Data from ZecHub indicates that this new pool’s supply has risen from 133,000 tokens to 3.8 million, while its predecessor, the Orchard pool, has seen its locked supply plummet from 3.8 million to just 500,000 since late July.

It appears that the new vault has managed to overcome the credibility issues resulting from the exploit. This is confirmed by the fact that Zcash’s shielded supply has increased to 36% recently, indicating strong usage and adoption of its privacy feature.

Social Volumes Send Historic Buy Signal that Could Anticipate a Rally to $1,000

Turning to on-chain data, we can see that social volumes for ZEC have sent a buy signal recently as the 7-day moving average for this metric crossed above the 30-day MA. In past instances, this signal has yielded positive results when it pops up after a pronounced bear market.

The last time it happened was April 2026. Shortly afterward, ZEC rose from $300 to $700 in just a month. If this signal performs similarly this time, we could witness a massive jump from around $500 to $1,000 at least in the near term.

This means a 25% upside potential based on where ZEC is trading today.

Turning to the daily chart, we expect some sort of consolidation between $700 and $900 before the next rally begins. The $1,000 target could be the first stop for Zcash if demand for its privacy feature keeps rising.

Hence, that $700 support could be an attractive entry for late buyers at a point when bullish momentum seems quite strong.