In a cryptocurrency market plagued by massive liquidations, Zcash (ZEC) is emerging as a beacon of resilience. As nearly $20 billion in leveraged positions evaporated following Donald Trump's announcement of tariffs on China, ZEC climbed to $296 on October 11, its highest level since 2021. It is currently stabilized around $266, with a daily gain of 15% and a monthly rally exceeding 450%. This rally, which has accumulated 765% since August, positions Zcash as a safe haven from global regulatory tightening, thanks to its focus on financial privacy.
Price analysis reveals a rotation towards privacy assets. ZEC has broken through the Golden Ratio resistance at $250 and, compared to Bitcoin, has gained 650% in three months, approaching 0.00343 BTC. With a market cap of $4.6 billion, it ranks 40th globally. In a hypothetical scenario, matching Ethereum's market cap could push its price to $28,000, although experts see this as a long-term target.
Technically, the daily chart shows a Golden Crossover between the 50- and 200-day EMAs, confirming bullishness. The MACD maintains a positive crossover with an ascending histogram, and the overbought RSI with no bearish divergences indicates sustained momentum. Key support at $196-$135 (Fibonacci and hourly EMAs); a weekly close above $250 points to $305-$372. Rising volume supports this trend, despite the risk of a correction.
In context, Zcash is leading the privacy renaissance, alongside Monero and Secret Network, driven by state surveillance and institutional demand. Its zero-knowledge proofs (ZK-proofs) obscure transaction details, differentiating it from Bitcoin or Ethereum.
Barry Silbert of Digital Currency Group amplifies the hype on social media, while Mert Mumtaz, CEO of Helius Labs, praises his nine-year-old decentralized Proof-of-Work network, featuring low-cost Bitcoin tokenomics.
Zcash shines not only for its performance but also for its relevance in a surveilled world. Although volatile, its bullish bias persists. Remember: this analysis is for informational purposes only; do your research and consult experts before investing.
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