Zcash (ZEC) has exploded back into the spotlight, emerging as one of the top-performing cryptocurrencies of the week. The privacy-focused coin has surged nearly 30% in the last 24 hours, reaching a high near $370, and extending its monthly rally to an extraordinary 500%. This marks ZEC’s strongest performance in years, decisively breaking free from a long period of price stagnation.
The bullish momentum aligns with a broader crypto market rebound, supported by Bitcoin’s rise above $115,000, yet ZEC’s gains have vastly outpaced those of most major altcoins. Technical indicators highlight that Zcash is now in its fifth consecutive day of an uptrend, with price action approaching the all-time high of $372 and resistance at the R1 Pivot Point of $381.
A sustained close above this level could pave the way for the next upside target around $436 (R2 Pivot Point). On the downside, ZEC maintains strong support at $303, a critical level for sustaining its bullish structure.
Arthur Hayes’ $10K Call Ignites Investor Frenzy
A major catalyst behind Zcash’s extraordinary recovery has been Arthur Hayes, co-founder of BitMEX, who recently made a bold call predicting that ZEC could eventually reach $10,000. Hayes’ endorsement sparked a wave of renewed interest among traders and investors, amplifying ZEC’s visibility across social media and trading platforms.
However, Hayes’ prediction coincides with a string of fundamental developments that have added credibility to the ZEC narrative. The launch of the Grayscale Zcash Trust, the coin’s new listing on Hyperliquid, and growing anticipation around the upcoming Zcash halving event have collectively driven optimism in the market.
These converging factors have strengthened the view that ZEC could re-establish itself as a leading privacy coin, especially amid rising debates over blockchain transparency and user confidentiality. Analysts have noted an increasing number of comparisons between Bitcoin and Zcash, with the latter gaining attention as the more privacy-oriented alternative.
Social Hype Meets Technical Breakout
The recent ZEC rally also reflects a classic reflexive feedback loop observed in crypto markets. As ZEC-related posts flooded social media platforms, retail traders began piling in, pushing the price higher and attracting even more attention.
DeFi analyst Ignas DeFi highlighted that such social virality often leads to short-term euphoria, warning that retail investors risk becoming exit liquidity for more seasoned players. Still, he acknowledged that ZEC’s current breakout appears technically significant, marking a shift from long-term accumulation to expansion.
On the weekly chart, ZEC has shattered a descending trendline that has capped prices since 2021. This breakout above the $100–$120 resistance zone triggered a cascade of buying pressure, fueling the rapid climb toward $355 and beyond.
While momentum indicators like the RSI (89) suggest overbought conditions, the MACD continues to show expansion, and the Chaikin Money Flow (0.44) confirms strong capital inflows. As long as ZEC maintains a foothold above $300, analysts believe a retest of its all-time high could be within reach by the end of the year.
Pi Network and Pump.fun Join the Gainers List
While Zcash led the market, Pi Network (PI) and Pump.fun (PUMP) also recorded notable gains over the past 24 hours. Pi Network rose by 13%, extending its weekend momentum and reclaiming levels above $0.25. The token now targets the 50-day Exponential Moving Average (EMA) at $0.2627, with potential to reach $0.3220 if bullish momentum holds.
Technical indicators for PI remain favourable, the MACD continues its upward trend post-crossover, while the RSI (60) signals room for additional growth before entering overbought territory.
Similarly, Pump.fun consolidated its recent gains, holding above the 50-day EMA at $0.004788 after a 15% surge on Sunday. If it maintains this level, bulls could push for the central Pivot Point at $0.006057. A reversal, however, might see support retested around $0.004000 and $0.003134 (S1 Pivot Point).
Outlook: Cautious Optimism Amid Market Euphoria
Zcash’s parabolic rise has reignited enthusiasm across the privacy coin segment and injected fresh energy into the broader altcoin market. Yet, analysts urge caution as short-term indicators flash signs of overheating.
If ZEC can hold above $300 and sustain buying momentum, analysts project potential mid-term targets of $550–$600, aligning with a full recovery toward previous highs. Conversely, any sharp correction below key support zones could test investor conviction.
For now, ZEC’s resurgence, fuelled by Arthur Hayes’ influence, institutional participation via Grayscale, and the looming halving, stands as one of the most dramatic comebacks in the 2025 crypto market, signalling that privacy-focused assets may once again be entering a new bullish phase.
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