Zcash price prediction: why is ZEC's price up today?

Halving Hype and Privacy Growth Fuel ZEC’s Uptrend

Zcash (ZEC) is flashing green in the crypto market with investors flocking to it as it rallies, shooting more than 14% in the last 24 hours. Retail and institutional traders are rejuvenated in the privacy-oriented coin. 

Increasing shielded transaction volumes, the approaching halving event, and powerful technical momentum are contributing to the speculation on whether this uptrend can be sustained.

Zcash Price Prediction: Fundamentals Ignite a Rally

Zcash’s boom is based on an increased wave of shielded ZEC adoption. As shown by statistics provided by CoinMarketCap, shielded holdings increased by 15% in October, to 4.9 million ZEC, approximately 30% of the entire supply. This increases the liquid supply, increasing scarcity pressure and enhancing the power of buying. More so, the project is also secured by over $17 million shielded transfers via Zashi Wallet, highlighting the crypto as a leading privacy standard in decentralized finance.

To further support the bullish bias, the next Zcash halving, scheduled for November 15, 2025, will decrease the number of coins issued per day to 4,500 from 9,000. This large supply reduction is similar to the 2020 reduction, which preceded an increase of over 170% ZEC. Institutional investors are also positioning early, with Grayscale’s Zcash Trust now holding 400,000 ZEC, approximately 2.5% of the total circulation. As issuance decreases and accumulation surges, the balance between supply and demand favors further increase.

ZEC’s Technical Setup Shows Overheated Yet Strong Momentum

According to a chart analysis by analyst Crypto Guru, the crypto is trading at around $424.35, having surged an incredible 14.5% intraday. The rally raises its weekly surge to 57% indicating a strong bullish trend. Nevertheless, the steep parabolic structure and the price approaching resistance at $440 are clues of a possible cooldown. The analyst indicated that he had taken a short position of $500K and was anticipating a pullback to between $380 and $400, a previous zone of consolidation.

ZECUSD 1D CHART | SOURCE: X

Nevertheless, technical indicators are biased towards a positive regardless of this warning. The current status of the RSI of 78.54 confirms the overbought condition, indicating high momentum, which could continue to propel the trending stages. 

Meanwhile, the MACD line is above the signal line, which indicates an improving bullish strength. Also, volume surpassing $1.29 billion reinforces active participation and validates the rally's legitimacy.

ZECUSD 1D CHART | SOURCE: CoinMarketCap

Halving Hype and Privacy Narrative Strengthen Outlook

Leading to the halving, demand continues to be driven by the dual narrative of privacy and scarcity in Zcash. According to analysts, in the short term, some corrections could be experienced, but the long-term Zcash price prediction remains positive. Long-term armored adoption, institutional demand, and growing liquidity on large markets indicate an emerging ecosystem.

If the bullish sentiment persists, the token could overcome the resistance zone of $450-$500 in the next sessions. In the near term, maintaining support above $385 is crucial for preserving momentum as traders weigh between consolidation and the next surge.