Zcash is finally showing signs of life after a painful week. If you’ve been watching the charts, you’re likely asking one thing: Why Is Zcash Pumping Today? As of January 12, 2026, $ZEC is trading at $397.35, up nearly 3% in the last 24 hours.
While a 3% jump might seem small, it’s a big deal compared to its 19% weekly crash as seen in the below chart, which had pushed the market into fear.

The trading volume tells an even bigger story. Its trading volume has jumped 25% to $686.46M. This fall and rise pattern is one of the major reasons why many see today’s move as the start of a $ZEC recovery rally 2026.
The rise is not happening alone. Experts across the crypto community are comparing $ZEC and Monero again. Lately, whales have been shifting their money around. As one popular expert recently put it:
“When conviction fades, capital moves. And in the world of privacy, that shift looks like whales exiting the current trending token and leaning harder into Monero.”
Right now, Zcash's price is at $397, while Monero is trading near $576. Many still believe 2026 is the year of the Zcash privacy coin rally. Even with $XMR showing more strength, today’s analysis shows that people are starting to trust this coin again as a major player for 2026 breakout.
On the ZEC/USDC 3-hour chart TradingView price chart, it has broken its steady downtrend by bouncing from the $370–$380 demand zone.

Buyers defended this area strongly and pushed the price back toward $395–$400 levels. Here is what traders need to watch next:
This is a key decision zone.
Holding above $400 = strength
Rejection below $400 = relief bounce only
RSI is now near 47, recovering from oversold levels near 30, which is also why $ZEC is going up right now. MACD is also turning positive. It is not a full reversal yet, but it shows an early ZEC recovery rally.
This price bounce and technical reasons explain today’s price pump despite weak weekly performance.
While today is a win-win situation, it doesn't confirm the long-term clear trend yet. The asset is now facing resistance near $410–$420. If price breaks and holds above this, the next targets are $440–$450.
On the other hand, If it falls below $385, the weakness may return back. The next support would be $370, and below that, $350 becomes possible.
As per Crypto India’s latest X post, Dubai has banned privacy coins like Zcash and Monero and tightened stablecoin rules. Such news adds risk, but today’s price action shows that traders are focusing more on technical recovery than fear headlines.

Traders should note that current market structure shows the privacy coin is in trend stabilization, not a confirmed bullish setup yet.
Short term: After analyzing the technical and fundamental reasons behind why is Zcash pumping today, If it holds above $400, it can move toward $410–$420 and $440. A fall below $385 may push it back to $370.
Mid term: The asset must stay above $400 and form higher lows to target $450–$480. Otherwise, it may range between $350–$420.

Long term: It could aim for $550–$600 in a full recovery cycle. Analysts like Rose Premium Signals say ZEC is reacting to a Fibonacci resistance zone, with upside expansion targets above $500. While on the other side, Monero XMR price prediction remains stronger, with long-term targets above $1,000 and even $1,650.
So, Why Is Zcash Pumping Today? Because selling pressure is fading, volume is rising, and buyers are testing key levels. $ZEC price surge does not confirm bullish behaviour, but surely it is no longer in panic mode.
Market structure shows it is moving from fear into stabilization. Traders should keep a close eye on the $400 support level to confirm the upcoming price behaviour, and patterns forming on the charts.
YMYL Disclaimer: This article is for educational purposes only and does not constitute financial advice. Cryptocurrency markets are highly volatile. Always do your own research (DYOR) before making any investment decisions.
Sara Sethiya is an experienced crypto journalist with five years of experience in blockchain research, price movements, and market analysis. With a background in mass communication and journalism, she specializes in data-driven news articles, in-depth market reports, and SEO-optimized content. As a team lead and content writer at CoinGabbar, she examines on-chain metrics, evaluates liquidity trends, and analyzes tokenomics to uncover market patterns. Her analytical approach helps traders and investors interpret market shifts, identify potential opportunities, and understand the broader impact of blockchain innovations on the financial ecosystem.