The price of Zcash rose 25% on Wednesday, extending its monthly gains to more than 60% as it continues to attract investor interest.
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- Zcash rose to $330, posting daily gains of 25% and extending its monthly rise to more than 60%.
- Hedging pool holdings reached a record high of $5.18 billion, representing more than 31% of circulating supply.
- A breakout from the descending triangle and bullish indicators indicate a potential upside towards the $400 level.
According to data from crypto.news, Zcash (Like you) The price rose to a three-month high of $330 on Wednesday, recording gains of about 62% over the past month.
The price of Zcash has risen as its protected pools continue to attract more capital from investors. Data The Zcash dashboard shows that the total amount of ZEC tokens held in protected pools reached an all-time high of $5.18 billion on April 8. At this point, that number translates to 31.14% of the total circulating supply.
More ZEC tokens are being moved into protected pools which means a larger base of ZEC holders is using the protocol’s core privacy features. This suggests that investors are increasingly looking to Zcash as a privacy haven, especially as jurisdictions around the world tighten their regulatory grip on digital asset oversight.
The privacy token has also benefited from a broader recovery in the cryptocurrency market fueled by reports of a ceasefire between the US and Iran.
Investors have flocked back to the market as Zcash has become a standout recovery play, after being one of the fundamental underperformers through April 2026.
On the daily chart, Zcash price broke through the upper trend line of a descending triangle pattern that has formed since December 2025. A breakout from this bearish pattern indicates that the bulls have finally managed to regain control of the market and are likely to guide it into a new bullish phase.
The Supertrend indicator has turned green, which is an indication that the prevailing trend has shifted in favor of buyers. Also, the MACD lines have crossed the zero line and are trending higher, which means that the buying momentum is significantly outweighing the selling pressure. This often occurs as a cooling-off period before the next phase of the token.
At the time of writing, Zcash price is testing the 38.2% Fibonacci retracement level at $332. Above that, the 50% retracement level at $375 is the next major resistance level. A breakout from these levels could push ZEC price above the $400 psychological resistance level.
Conversely, if Zcash price falls below the $278 support level, it may fall back towards the $190 area where it has been consolidating in the past sessions.
Disclosure: This article does not constitute investment advice. The content and materials contained on this page are for educational purposes only.
