Zcash has exploded higher, with ZEC pumping close to 90% in the last 24 hours. The privacy-focused coin is now trading around $148 after reaching intraday highs of $153. The surge coincided with a post from Grayscale highlighting Zcash’s unique design and privacy technology, which has reignited investor interest.
Grayscale wrote: “Zcash is similar to Bitcoin in its design. ZEC was created from the original Bitcoin code base, but it uses a privacy technology that encrypts transaction information and allows users to shield their assets.” The firm also noted that its Zcash Trust is open for private placement to accredited investors – adding fuel to the bullish momentum.
.@Zcash is similar to Bitcoin in its design. Zcash $ZEC was created from the original Bitcoin code base, but it uses a privacy technology that encrypts transaction information and allows users to shield their assets.
— Grayscale (@Grayscale) October 1, 2025
Grayscale Zcash Trust is open for private placement for… pic.twitter.com/gzPmQRiZl5
What you'll learn 👉
What the ZEC Chart Is Showing
The 4-hour chart from Binance shows a parabolic rally beginning late September, with ZEC climbing from around $60 to over $150 in just a matter of days. The breakout accelerated once price cleared the $90–100 range, where liquidity had previously capped rallies.
Momentum indicators are running hot. RSI has surged above 90, signaling extreme overbought conditions. While this highlights buyer strength, it also raises the risk of short-term pullbacks as traders lock in profits.
Open interest has spiked sharply, confirming fresh speculative activity. At the same time, net longs are climbing, while shorts are being squeezed, which has amplified the vertical move.
The data shows a clear imbalance in positioning. Net shorts had been building throughout September but were rapidly unwound as price ripped higher. Liquidations helped fuel the breakout, with shorts forced to cover while longs piled in.
Net longs are now at their highest levels in weeks, reflecting confidence that ZEC could extend gains. However, such crowded long exposure can also set the stage for sharp corrections if momentum cools.
Market Indicators
RSI near 95 underlines the aggressive buying. MACD has crossed bullishly and is expanding upward, confirming momentum strength. Open interest delta continues to rise, reinforcing that new money is flowing into ZEC trades rather than just recycled leverage.
This kind of setup often results in volatile swings – strong continuation higher if demand persists, or sudden 15–20% retracements if profit-taking kicks in.
Read also: Here’s Why October Could Be a Massive Month for Ripple’s XRP
ZEC Price Forecast
If bulls maintain control, the next major resistance sits around $175–$180. A clean break above that could open the path toward $200 in October.
On the downside, immediate support lies near $120. A drop below that level would expose $95, which was the breakout zone. As long as ZEC stays above $100, the broader bullish structure remains intact.
With Grayscale spotlighting Zcash’s privacy features and investors piling into long positions, the coin is back in the spotlight. Whether this rally sustains or faces a sharp correction will depend on how the market absorbs the current wave of overbought momentum.
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