Zcash Defies Market Downturn, Eyes $336 Price Target Amid Privacy Demand Surge

Zcash's latest price was $248.89, down 3.411% in the last 24 hours. The privacy-focused cryptocurrency has demonstrated surprising resilience amid a broader market downturn, drawing attention from both investors and analysts. Over the past month, ZEC has bucked the trend of a significant sell-off that wiped out $20 billion in leveraged positions, carving out a unique narrative in the volatile crypto landscape.

Recently, ZEC has approached the $300 level, a price not seen since December 2021. This movement has positioned Zcash as one of the top-performing cryptocurrencies, with many observers speculating on whether it can sustain its upward trajectory. The coin’s performance has sparked renewed interest in privacy-centric coins, reinforcing Zcash’s role as a leading player in the space.

Technical analysis suggests ZEC is forming a classic bull flag pattern on the four-hour chart, a continuation pattern that often precedes a further upward move. The latest candlestick has formed a gravestone Doji near the upper trendline resistance, indicating a potential short-term pullback. However, if buyers manage to push the price above the flag’s upper boundary, it could open the door to a technical price target near $336 in October.

ZEC has maintained a position above both the 20-period and 50-period exponential moving averages (EMA), a sign that the broader bullish trend remains intact. Despite signs of short-term overheating, the coin’s technical indicators continue to reflect strong upward momentum. The 20-period EMA, in particular, has held firm, offering support and reinforcing the optimism among traders and analysts.

However, the potential for a bearish scenario remains a concern. If ZEC’s price were to break below the flag’s lower trendline and the 20-period EMA, it could trigger a decline toward the 50-period EMA, currently estimated at around $210.75. This level is also a critical risk zone, as approximately $5.36 million in long liquidations are stacked near $244. A breakdown could lead to a cascade of forced liquidations, deepening the pullback before any potential rebound.

Zcash’s weekly relative strength index (RSI) has reached an all-time high of 92, indicating overbought conditions. Historically, when RSI hits such levels, it often signals a period of consolidation or correction. In 2021, ZEC’s RSI peaked at 78, followed by a nearly 70% decline in value over the following months. This historical pattern raises concerns about a potential short-term pullback, especially if the price fails to establish firm support near the 0.786 Fib retracement level at $245.

Analysts are closely watching the $245 level as a key support point. A successful bounce from this level could propel ZEC toward $307 or even retest its 2021 high of around $375. Conversely, a breakdown could lead to a more pronounced decline toward $200, a level some investors view as a potential buying opportunity. The market remains divided on whether ZEC will continue its upward momentum or face a correction in the near term.

On-chain data and technical indicators suggest ZEC’s upward trend may persist despite the broader market downturn. The privacy coin has weathered the recent US–China tariff tensions and the resulting sell-off in most altcoins, with ZEC’s value rising by 19% during that period. This resilience has generated renewed interest among traders who are closely monitoring Zcash’s price action and on-chain activity for further clues about its trajectory.

The liquidation heatmap for ZEC, according to Coinglass, shows a dense capital cluster slightly above its current price level at $300.56. This concentration of liquidity indicates strong trader interest in buying or closing short positions at that price, suggesting the potential for a near-term price rally. These liquidation zones are crucial for traders, as they often dictate market direction and volatility in the short term.

ZEC’s Moving Average Convergence Divergence (MACD) on the daily chart also supports a bullish outlook. At the time of analysis, the MACD line was above the signal line, a widely recognized sign of positive momentum. This technical setup has contributed to growing optimism among traders, who view it as an indication of continued buying pressure and potential for further gains.

The accumulation trend in ZEC has been a key driver of its recent performance. If this trend continues, Zcash could break above the psychological $300 level and potentially reach its four-year high of $305. This would not only validate the current bullish momentum but also signal a broader shift in market sentiment toward privacy-focused cryptocurrencies. However, maintaining buying pressure around $270 will be crucial to avoid a short-term correction before another upward move.

Zcash has also made significant strides in the privacy-centric cryptocurrency space, as the shielded portion of its total supply continues to grow. As of October 13, 2025, the value of shielded Zcash—processed through Zcash’s Orchard encryption protocol—has reached $1.12 billion. This figure represents the total value of ZEC transferred from transparent addresses into the shielded pool, making those funds untraceable and private at the protocol level.

The shielded supply has consistently remained above the $1 billion threshold, with the rate of deposits into the Orchard Pool accelerating in recent weeks. This has pushed the percentage of shielded Zcash over 27%, with more than 4.42 million ZEC tokens now in their private form. The trend reflects a growing demand for privacy-driven financial transactions and highlights Zcash’s appeal as a decentralized privacy solution.

Over the past five days alone, more than 600,000 ZEC tokens were moved into the privacy-preserving pool, signaling continued long-term adoption and strategic accumulation by users seeking financial anonymity. This movement underscores Zcash’s increasing relevance in a world where financial privacy and data security are becoming increasingly important.

Zcash’s protocol relies on zero-knowledge proof-based encryption technology, enabling users to perform transactions without exposing the sender, receiver, or the amount involved. This advanced cryptographic technique provides a high level of privacy and is one of the key reasons why Zcash is considered among the leading privacy-enhancing cryptocurrencies today.

Public interest in Zcash has also been on the rise, with recent search trends showing a surge in attention to the cryptocurrency. Industry influencers and thought leaders have highlighted Zcash’s importance in the digital economy, with figures like Naval Ravikant emphasizing the role of privacy as a safeguard against the transparency of Bitcoin. These endorsements have helped raise awareness and drive adoption, particularly among users who value financial privacy in their transactions.

The continued expansion of Zcash’s shielded pool is also seen as a sign of confidence in the network’s cryptographic capabilities and security. As more users move their ZEC holdings into private forms, the ecosystem becomes more resilient to surveillance and chain analysis. This trend is particularly relevant in the evolving regulatory environment, where privacy is becoming an increasingly valuable asset for users seeking control over their financial data.