TLDR
- Zcash (ZEC) price jumped over 10% in 24 hours and 50% in one week, trading around $417
- A short squeeze liquidated over $65 million in ZEC futures, with 65% of traders caught in short positions
- Arthur Hayes set a $10,000 price target for ZEC, creating buying interest on social media
- The November 2025 halving will reduce mining rewards from 3.125 to 1.5625 ZEC per block
- ZEC broke an 8-year downtrend against Bitcoin and surpassed Monero to become the top privacy crypto with $6.2 billion market cap
Zcash has experienced a sharp price increase over the past week. The privacy-focused cryptocurrency gained more than 50% in seven days. ZEC is currently trading around $417.
The rally pushed Zcash past the $400 level. This represents a 10% gain in just 24 hours. The move stands out as most other cryptocurrencies posted only modest gains during the same period.
A short squeeze played a major role in the price movement. More than $65 million in ZEC futures were liquidated. Most of these liquidations came from short positions.
Data shows that 65% of traders held short positions on ZEC as of November 1. When prices started rising, these traders were forced to close their positions. This created more buying pressure and pushed prices even higher.
The upcoming halving event is another factor driving interest in Zcash. The halving is scheduled for November 2025. Mining rewards will be cut in half, dropping from 3.125 ZEC per block to 1.5625 ZEC per block.
Halvings typically reduce the supply of new coins entering the market. This can create upward pressure on prices if demand remains steady or increases.
Social Media Interest Grows
Arthur Hayes, co-founder of BitMEX, set a price target of $10,000 for ZEC. This prediction spread quickly across social media platforms. The announcement helped trigger a buying rush among retail investors.
Vibe check $ZEC to $10k pic.twitter.com/tBc0WaxzZ1
— Arthur Hayes (@CryptoHayes) October 26, 2025
Within hours of the statement, Zcash jumped from $272 to $355. The number of ZEC holders increased by 63%. However, some large holders sold their positions, with net sales reaching $702,000.
The market is now watching the $581.43 liquidation level. A breakout above this point could trigger more short position closures. This would likely cause another wave of buying.
Technical Breakout Signals Change
Zcash recently broke out of a triangle pattern on price charts. This breakout was followed by the 50% rally. The move confirms strong buying momentum in the market.
$ZEC #ZECUSDT +50% Profit Since the Triangle Upside Breakout..🔥📈 https://t.co/pSyIJHay42 pic.twitter.com/M5J3rX79o5
— Captain Faibik 🐺 (@CryptoFaibik) November 1, 2025
More importantly, ZEC broke an 8-year downtrend against Bitcoin. This occurred on a monthly logarithmic chart. The breakout marks the first time since 2017 that Zcash has escaped this long-term pattern.
The Relative Strength Index currently sits at 64. This indicates ZEC is approaching overbought territory but still has room to climb. The Chaikin Money Flow stands at 0.24, showing continued buying pressure.
If ZEC breaks through resistance at $420, the next target would be $500. Support levels are located around $400. A drop below this level might signal a price correction.
Zcash has now surpassed Monero to become the most valuable privacy cryptocurrency. Its market capitalization reached $6.2 billion. The 45% weekly gain brought ZEC to a peak of $388 before settling at current levels.
Technical improvements to the Zcash protocol have also strengthened its position. The removal of the trusted setup through the Orchard pool enhanced the network’s privacy features. The shielding mechanism allows users to make transactions untraceable when using the private ecosystem.
Search interest for privacy coins reached record levels on Google Trends. This reflects growing concern about surveillance and regulatory requirements in the crypto space. The renewed attention suggests investors are seeking alternatives that offer stronger privacy protections.
ZEC faces key resistance at the $420 level. Breaking this barrier would confirm the continuation of the current rally. The RSI reading of 64 suggests the asset still has upward potential before reaching overbought conditions.
