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5 hour ago
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Zcash Surges 12% on Institutional Accumulation and Technical Breakout

Zcash (ZEC) has rebounded sharply, gaining 12% after a recent decline to $548, now trading around $670. The cryptocurrency has surged over 1,500% year-to-date and rallied 175% in the past month.

Zcash ZEC ZECUSD

Institutional Accumulation Boosts ZEC

  • Cypherpunk Technologies, supported by Tyler and Cameron Winklevoss, acquired 233,644 ZEC, about $150 million worth, representing 1.25% of the circulating supply. They plan to increase holdings to at least 5%.
  • Arthur Hayes predicts ZEC could reach $1,000 and suggests it might attain 20% of Bitcoin's value.
  • The November 2025 halving will reduce block rewards by 50%, potentially driving scarcity-led rallies.

Technical Indicators for Zcash (ZEC)

  • ZEC is forming an inverse head and shoulders pattern on the 4-hour chart. A breakout above $690 could lead to $956, indicating almost 40% upside.
  • Trading above its 50-day EMA at $613, with a green Supertrend signal suggesting continued bullish momentum.
  • Key support levels are between $600–$605.

Growing Privacy Demand

  • A coordinated narrative push highlights privacy as a key feature, differentiating ZEC from competitors like Monero.
  • If demand for privacy-focused assets rises, Zcash may see substantial growth beyond short-term spikes.