Zcash is pumping again against all odds. While the broader crypto market remains in one of its weakest phases in months, ZEC has pushed through another explosive rally, jumping more than 40% in a single day and surging back above $700. The move comes only hours after CaptainAltcoin released a full breakdown video on ZEC last night, the timing could not have been better, and the video link will be added below.
The renewed momentum also follows a loud endorsement from BitMEX co-founder Arthur Hayes, who shared a chart of ZEC/BTC and declared: “This chart is just so stronk I aped more. $ZEC > $XRP.” His post immediately caught attention because Hayes rarely makes such direct comparisons between major assets. His message was simple: he believes Zcash will outperform XRP going forward.
Hayes Points to a Clean Breakout on ZEC/BTC
The chart Hayes shared shows ZEC continuing a strong multi-day breakout against Bitcoin. The pair has been trending upward from the 0.0045 BTC region and has now climbed through 0.0068 BTC, forming a clean staircase of higher highs and higher lows.
Volume increased steadily through the move, and the latest breakout candle shows strong conviction with minimal pullback. For Hayes, this structure signals a decisive shift in market behavior; ZEC is gaining strength even while Bitcoin struggles near its support levels.
The slope of the breakout also suggests trend acceleration. When an asset performs this strongly against BTC, it usually signals a narrative shift or a supply squeeze, and ZEC currently has both. The privacy narrative is booming, liquidity is tightening, and interest in shielded transactions is hitting multi-year highs. Hayes buying more is a reflection of this momentum.
Altcoin Sherpa Targets the Mid-$700s: ZEC Chart Points to Higher Highs
Another respected analyst, Altcoin Sherpa, shared his own chart, noting: “I feel pretty confident ZEC is going back to the highs before any significant dip.” His chart outlines a clear retrace-and-rally structure. ZEC bounced perfectly from the 0.382 Fibonacci level near $476, reclaimed the 0.236 level at $580, and is now pushing toward the key resistance zone between $740 and $750: the previous local high.
Sherpa’s projection sketch shows ZEC pulling slightly back after touching this level, then carving out a higher low before blasting toward $820+. It’s a classic continuation pattern. As long as the $560–$580 zone holds on pullbacks, ZEC remains in a strong uptrend.
He also warned that he would consider taking profit in the mid-$700s if price reaches it quickly, which aligns with the final resistance before new highs open up.
Zcash is one of the only large-cap assets delivering parabolic moves during a brutal market phase. Hayes is doubling down, Sherpa is calling for a return to the highs, and volume continues to expand. With privacy rapidly becoming a major crypto narrative and ZEC leading the charge, momentum continues shifting in its favor.
Read also: Bears Anticipate ZCash (ZEC) Price Crash, But the Chart Tells a Bullish Story
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