Zcash Token Price Prepares for a 45% Surge in the Coming Weeks
After dropping nearly 10% from Monday’s high of $454, the price of Zcash (ZEC) managed to recover most of its losses, as bulls successfully held the $400 support level.
At the time of publication, the token was trading at $446, which is 10% higher than the previous day and 45% above its December low. However, the ZEC price remains 38% below its November peak of $723.
The rise in Zcash’s price has been supported by several factors. First, many analysts predict that privacy will become one of the key priorities in 2026. Major companies such as Grayscale have highlighted privacy as a critical aspect of cryptocurrencies to watch. Second, the number of Zcash transactions increased by 30.6%, while the total market capitalization rose to $2.24 billion.
In addition, the Zcash community hopes that a ZEC ETF by Grayscale will be approved in the coming months. This could lead to increased institutional inflows, which in turn may support ZEC’s price over the long term.
Technical indicators are also favorable for the token. The chart shows that the Zcash price is forming an “ascending triangle” pattern. The neckline, marking the level where bulls encountered resistance, is located at $475. Traders typically view a confirmed breakout above this resistance level as a strong buy signal that often leads to sustained growth. In Zcash’s case, such a breakout could imply a 45% rise to $648 in the coming weeks.
See also: "Bitcoin price today: falls to $87,000 amid ETF outflows"
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