- ZEC has surged 30% in a day and over 500% in a month.
- BitMEX’s Arthur Hayes predicted that the altcoin could hit $10K.
- Technicals show a major breakout with resistance near $400 and support at $305.
Zcash (ZEC) broke free from years of stagnation this week, posting explosive gains. The privacy coin surged nearly 30% in just 24 hours to hit a high near $370, extending its rally to over 500% in the past month.
While the broader market rebound, led by Bitcoin climbing above $115,000, provided a favorable backdrop, ZEC’s performance significantly outpaced most major altcoins, signaling project-specific catalysts are in effect.
Arthur Hayes’ $10K Call Ignites Zcash: How Influence Sparked the Rally
A significant trigger for the renewed interest appears to be BitMEX co-founder Arthur Hayes. Known for his influential market calls, Hayes recently and publicly endorsed ZEC, boldly predicting a potential future price of $10,000.
Related: Altcoin Shakeout Ahead? Arthur Hayes Backs Tokens With Real Demand
Beyond Hayes: Grayscale Trust, Halving, Privacy Narrative Fuel ZEC
However, Hayes’ prediction landed on fertile ground prepared by several other key developments converging simultaneously. Grayscale debuted Zcash Trust while ZEC also secured a new Hyperliquid listing. The anticipation of Zcash’s upcoming halving is also driving prices higher.
Analysts also stated that the “Bitcoin vs. Zcash” comparisons have soared amid the altcoin’s massive rally and the concerns surrounding lack of privacy in blockchain protocols.
Social Hype or Fundamental Shift?
Prominent DeFi analyst, Ignas DeFi, argued that social media virality creates a reflexive feedback loop, where seeing more ZEC posts pushes more traders to buy in, pushing prices higher.
The analyst added that such rallies often fade with retail investors becoming the exit liquidity for whales and seasoned traders. He reminded crypto market participants to maintain caution while trading.
ZEC Price Analysis: Breaking Free After Years of Consolidation
On the weekly chart, ZEC has decisively broken through a long-term descending trendline that has capped prices since 2021. The breakout above the $100–$120 resistance zone triggered massive buying pressure, sending the token rocketing toward $355.
The current structure mirrors a classic multi-year breakout, indicating a potential shift from long-term accumulation to expansion.
Resistance is around $370–$400, where sellers may begin taking profits. A clean close above this range could open the door to $550–$600 in the medium term. On the other hand, strong support is close to $305, followed by $100.
Indicators remain overheated, with the weekly RSI hovering near 89. However, the MACD’s continued expansion and the positive Chaikin Money Flow (0.44) point to strong capital inflow. .
If ZEC manages to hold above $300 in the coming weeks, a rest of ATH could be likely by year-end if bullish momentum continues.
Related: Bitcoin Eyes $250K as Arthur Hayes Links Rally to Trump Fed Takeover
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