Zcash (ZEC) price extended its sharp uptrend, climbing more than 90% since Oct. 8, to reach a daily high near $240 on Oct. 10. The rally marked a near 402% surge since Sept. 23, when ZEC broke out of a prolonged accumulation range.
Moreover, the 3-week-long bull run has pushed ZEC price to levels last seen in December 2021. This marks a near 4-year high for the Zcash token.
Ethereum Privacy Push Adds Fuel to Token’s Rally
The latest leg of the rally came as Zcash echoed the Ethereum Foundation’s recent post emphasizing privacy as a digital right, a theme that likely helped sustain bullish momentum around privacy-focused assets.
The coordinated narrative between the two projects suggests that privacy could regain prominence across crypto ecosystems that had shifted toward compliance-driven transparency. Moreover, the renewed attention came after Zcash had already entered a strong uptrend starting Sept. 23, when ZEC price broke from a prolonged accumulation phase. Over the subsequent three weeks, ZEC surged nearly 350%. This was supported by consistent volume spikes and expanding social engagement.
The privacy narrative added even more fuel as traders connected Ethereum’s statement to a broader sector-wide revival. The sentiment positioned Zcash as the primary beneficiary of renewed privacy awareness. Talk about right place, right time!
Additionally, market analyst Crypto Winkle highlighted several structural cues behind the token’s sustained gains. Winkle cited the rollout of Zashi, Zcash’s new self-custody wallet that allows users direct control without intermediaries, as one driver.
The analyst also noted a sharp rise in institutional participation, pointing out that Grayscale’s ZEC Trust had climbed over 340% in six months. Winkle also noted that Zcash’s core technology—shielded transactions—was being “re-evaluated as a necessity, not an option,” as on-chain privacy became increasingly scarce. Together, these factors helped push ZEC from dormancy into one of October’s strongest-performing digital assets.
Analysts Split on Zcash’s Next Move as Price Tests Multi-Year Barriers
Analysts closely tracked Zcash’s rapid ascent as the token neared critical resistance zones unseen since 2021. The rally’s pace kept traders divided on whether the move signaled the start of a structural reversal or another speculative spike.
Market analyst Crypto Feras described Zcash as a “dyno coin” that many had written off.
The analyst’s monthly chart showed ZEC rebounding from its 2024 lows near $17 — levels that matched its pandemic crash bottom — before rallying nearly elevenfold into October. Feras highlighted a clear sequence of higher lows and higher highs, calling it a rare macro reversal for a token that had spent years in decline.
Independent analyst Javon Marks maintained a distinctly bullish stance. Marks’ technical projection identified a breakout target at $308.46, around 63% above current prices.
The analyst pointed to a completed multi-year breakout pattern, arguing that the ZEC USD pair’s vertical climb was a continuation of that structure rather than a blow-off top. Marks framed the momentum as strong enough to push the token into a new trading range, provided it sustains above $200.
Furthermore, Analyst Ali Martinez offered an extended bullish outlook, identifying key resistance levels at $290 and $650. The analyst’s biweekly chart showed Zcash completing a multi-year base before a breakout that mirrored past macro reversals.
Ali viewed the move as starting a structural trend shift rather than a short-term spike. The analyst emphasized the importance of holding above the $180–$200 range. Ali noted that the renewed attention to privacy assets could anchor ZEC price’s next leg toward $300 and beyond.
A Cautious Perspective
Meanwhile, Chill Trader offered a more cautious view, noting that ZEC had once again approached the $186–$220 range — the same resistance that triggered sharp reversals in 2021 and 2022. The analyst warned that another rejection could spark a pullback, setting $220 as the level that would invalidate the bearish case.
Zcash’s explosive 400% rally has positioned it among October’s top-performing digital assets, driven by renewed institutional interest, a sector-wide privacy narrative, and technical confirmation of a long-term breakout. Analysts remain divided on whether ZEC’s surge signals a durable structural reversal or a temporary speculative spike as the token tests multi-year resistance.
Stay with us for continued coverage and data-driven insight as Zcash’s next moves define whether this rally marks a lasting shift or another fleeting cycle high.
