Zcash has become one of the biggest stories in crypto this week. It pushed the ZEC price into new territory and completely shifted market attention toward the privacy sector. Many traders who ignored ZEC just a month ago are now trying to figure out where the price goes from here.
A big part of this renewed hype comes from fresh numbers behind privacy coins. The sector has grown fast, and ZEC’s strong rebound has put it right back into the spotlight. It’s trading near a major resistance level, which makes the next move even more important.
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Here’s What Zcash Chart Is Showing
The chart shared by analyst GeoMetric shows how far the ZEC price has come. It went from being called “dead” to reaching levels some traders didn’t expect to see again. Even with the excitement, GeoMetric points out one important detail.
The price is now approaching a 4.236 Fibonacci extension on market cap, an area that historically marks the high end of a trend. This doesn’t mean the move has to stop now, but it does mean risk starts increasing a lot faster for anyone chasing late.
The analyst also reminds traders of something many forget during hype cycles – the biggest gains often happen while an asset trades sideways for months or even years. When most people lose interest, that’s usually when smart buyers quietly accumulate.
ZEC Fundamentals Are Driving Real Demand
Recent news adds fuel to the narrative that Zcash is more than just price speculation. ZEC reached levels not seen in more than eight years. Analysts link this to growing institutional interest, supported by inflows into Grayscale’s Zcash Trust and new privacy-focused partnerships.
One recent example is Zcash integrating with Nym to enable private VPN subscriptions. It’s a simple but meaningful step because it gives ZEC real-world usage. That matters for a privacy coin in a time when global financial surveillance is expanding.
Investors also see ZEC as the leader of the privacy category. That is both a strength and a weakness, because stronger regulation could bring turbulence – especially if Bitcoin loses momentum.
Read Also: Here’s Why ZKsync (ZK) Price Is Pumping Today
What Happens Next for Zcash Price?
If ZEC continues to push into historical resistance, upside can still happen. But many technical indicators now sit in overbought ranges. When that happens, markets tend to slow down or correct before the next leg up.
So the story may now come down to momentum. If buyers stay aggressive, ZEC price could explore higher extension targets. If traders start locking in profits, it may cool off to reset indicators.
Either scenario wouldn’t change what has happened so far – Zcash has already delivered a breakout that many thought would never come.
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