Zcash (ZEC) is drawing renewed market attention as bullish sentiment builds across the sector.
Analysts and industry figures continue to highlight its role in the evolving digital asset landscape.
Growing regulatory pressure appears to be shifting focus toward privacy-oriented alternatives. As a result, ZEC price action now centers on a critical breakout zone.
Industry figures highlight Zcash’s privacy value
Barry Silbert, Chairman at Grayscale, expressed support for Zcash, emphasizing its role in decentralized finance. He stated that limiting decentralized technologies remains difficult due to their structure. He added that privacy-focused blockchain networks operate beyond conventional monitoring frameworks.
According to Silbert, Zcash represents a form of economic liberty. His remarks followed Brazil’s Central Bank announcement to prohibit stablecoins and cryptocurrencies for international settlements.
The policy will take effect on October 1. This regulatory move has influenced market participants to consider privacy-centric assets like ZEC.
Arthur Hayes, co-founder of BitMEX, reinforced the bullish outlook in a post on X. He noted that ZEC had already reached around $392 and suggested a move toward $400 looked likely.
Hayes also projected a long-term valuation target of $10,000. At the time of writing, ZEC trades near $388, after hitting a 24-hour high of $392.
Market data shows ZEC has gained 8% over the past week and 61% over the past month. Its market capitalization stands at $6.43 billion, with daily trading volume near $597 million.
Meanwhile, Robinhood has added ZEC to its platform, improving access for retail investors.
Key resistance levels and technical outlook
The $390–$400 range remains the primary resistance zone under close observation.
Technical analyst Crypto Tony stated that reclaiming $390 could trigger a move toward $440. He noted that this level aligns with broader resistance identified by multiple analysts.
Another analyst, LSTRADER, identified strong support near $306, which ZEC has already surpassed. He pointed to the next major resistance between $760 and $770.
Igor’s technical analysis highlighted a supply zone between $400 and $420. Additional resistance levels appear at $450 and between $520 and $550.
Pufi outlined a projected move toward $447, supported by indicators. He identified immediate support near $340 and stronger backing around $290.
Downside levels remain at $370 initially, followed by the $340–$350 range.
ZEC continues to form higher lows after rebounding from the lower $300 region. Current price action shows the asset trading near $394, maintaining pressure on the $390–$400 resistance band.
Zcash technical analysis
The 1-day Zcash is showing a clear and sustained bullish trend, with price advancing from around $200 to above $400. The price is consistently forming higher highs and higher lows.
This structure confirms strong buyer control, with recent candles indicating accelerating upward momentum and only shallow pullbacks, suggesting continuation rather than a temporary spike.
ZEC 1-day price chart, Source: TradingView
The Relative Strength Index (RSI) is currently around 71, placing it in the overbought zone, which signals that price has risen rapidly.
At the same time, the MACD indicator reinforces the bullish outlook, with the MACD line positioned above the signal line and the histogram remaining positive, indicating expanding upward momentum.
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