#binance #hype #zec #near
11/04/26 11:37 UTC-04

Zcash is becoming one of the biggest winners in crypto this week

Cryptocurrency Cryptocurrency
Cryptocurrency Zcash is becoming one of the biggest winners in crypto this week

Zcash stayed on the sidelines for most of 2025, but this week it demanded attention. $ZEC surged 62% over five trading days, briefly reaching $390 before pulling back and consolidating around $371.

This move made it one of the top-performing assets in crypto this week, significantly outperforming Bitcoin and catching many short sellers off guard.

What caused it

The immediate catalyst was the announcement of a two-week ceasefire between the U.S. and Iran, which significantly boosted risk assets. $ZEC responded with unusual speed and strength, partly because heavy short positioning amplified the move.

As prices rose, traders betting on continued weakness were forced to close their positions, adding mechanical buying pressure on top of real demand.

This time the on-chain picture is different

What distinguished this rally from a simple short squeeze was the blockchain data.

The Zcash Trust fund by Grayscale absorbed $46 million in shielded $ZEC between April 8 and 9 alone. The usage of shielded pools, which measure fully private transactions, reached record highs during the same period. Network hashrate also hit all-time highs, indicating real demand for the network rather than purely speculative positioning.

Where analysts see it going

Three separate analysts pointed to further upside this week.

CoinBureau set a short-term target of $420, citing momentum and improving fundamentals.

Ali Martinez, one of the most popular on-chain analysts, went further, setting a $440 target based on technical structure.

The long-term case

While short-term analysts discuss $420 and $440, at least one long-term technical analyst is looking at much higher levels.

Analyst Emilio Crypto ₿ojan pointed to a double bottom formation on the $ZEC chart, stating that the coin chose what he described as the “stronger scenario” by breaking above key resistance, which also served as the pattern’s top.

Stated targets: $1,100 as the second target and $1,497 as the third.

“Once these coins start rising, no one can stop them,” the analyst wrote.

See also: "Bitcoin Reaches $73,000 Amid Easing Geopolitical Tensions"

#Zcash #Bullish rally

Editor: Alyona Nabok
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