Zcash has suddenly become one of the most talked-about assets in the market. After a massive October spike, ZEC price is trading at about $335, still substantially higher than where it had been just a few weeks ago. The privacy tale is being resurrected with a vengeance, and Zcash is right in the middle of it.
There’s also a fresh boost from the fundamentals. The shielded pool just hit 4.5M ZEC, about 28% of total supply, showing that privacy demand isn’t just hype, it’s growing.
Meanwhile, debates around ZEC’s supply integrity have sparked attention across the crypto community, yet haven’t slowed its momentum. And with a 380% surge this month, ZEC has become one of the top October winners.
What you'll learn 👉
What the ZEC Chart Is Showing
The 4H chart paints a story of consolidation after an explosive breakout. ZEC price printed a strong upward channel through late October, reaching a local high around $374 before cooling off. It’s retesting the breakout level, above and beyond $320 support.
Price continues to make higher highs and higher lows, indicating the buyers still in control. The action is akin to a healthy reset rather than a trend break.
If ZEC holds above this range, bulls are likely preparing for another push toward $400. The structure doesn’t show panic – it shows patience.
Market Indicators
RSI has cooled from overbought conditions near 80 down into mid-range levels. That gives bulls fresh room to run without immediate risk of a momentum dump.
Open interest remains elevated, although the sharp reduction around October 11 suggests that the market flushed weak hands earlier – helping the rally stay more stable now.
MACD weakens but remains above the signal line, indicating bullish bias still intact. Momentum slows but does not turn.
Net longs remain superior to shorts, so leveraged positioning continues to be tilted towards upside continuation.
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ZEC Price Outlook for November
If the market holds above $320 support, the next meaningful zone sits near $380–$400, where previous momentum stalled. A breakout there could open a quick extension to $450+ as liquidity gaps remain from earlier declines.
However, losing $320 could trigger a pullback toward $285, where buyers previously stepped in. That would only become concerning if the ZEC price falls below $250, the line where the bullish structure begins to weaken.
November looks like a month of continuation, not collapse. Privacy is back in demand globally – and ZEC is riding that wave with conviction.
As long as buyers defend current support, the path of least resistance still points upward. A retest of $400 doesn’t seem far-fetched at all.
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