- ZEC surged over 20%, hitting ~$593 as halving hype and rising adoption kicked in.
- Big players like Cypherpunk Technologies and Grayscale are accumulating, shrinking liquid supply.
- A busted ascending triangle pattern and strong reclaim suggest momentum could carry ZEC toward $750–$850 if resistance breaks.
Zcash is having one of those rare, explosive days where the entire market just stops and stares. The privacy coin jumped more than 20%, trading around $593.53, making it the single biggest gainer across all major assets right now.
This move comes right after a week of mixed emotions — some analysts were calling for a nasty drop toward $281, while adoption metrics quietly kept rising in the background. Nearly 4.9 million ZEC — about 30% of all supply — now sits in shielded addresses, showing that users are leaning deeper into Zcash’s privacy features. And with the halving only days away, traders aren’t waiting around.
Why ZEC Is Pumping So Hard Today
The biggest catalyst? The Zcash halving on November 28.
Miner rewards will drop from 3.125 ZEC → 1.5625 ZEC, leaving just 900 ZEC hitting the market daily — roughly $500k worth at today’s price.
Markets love scarcity stories, and ZEC has delivered one with perfect timing. A +118% surge over the last 30 daysshows traders are already pricing the halving narrative in.
But that’s not all:
- Cypherpunk Technologies (backed by the Winklevoss twins) kicked off a $50M accumulation plan, aiming to capture up to 5% of circulating supply.
- Grayscale expanded its Zcash trust, adding even more institutional weight.
When big players start buying, liquid supply shrinks — and confidence usually spikes.
What the ZEC Chart Is Saying
The 4H chart looks wild. ZEC briefly dipped under its ascending trendline — a classic stop-hunt move that washed out weak hands — before snapping right back above the line. According to analyst Ardi, this is a “busted ascending triangle,” where price fakes a breakdown, grabs liquidity, then reverses with even more force.
Now ZEC is powering toward the $750 resistance zone, a level it failed to break twice earlier this month. If it pushes through, momentum could explode. If not, the rising trendline below becomes the key support.
It’s basically a high-pressure coil waiting for direction.
ZEC Price Outlook for the Week
If bulls manage to push ZEC above $750, the next resistance zones sit at:
- $800
- $850
Both levels become reachable if hype and halving momentum stay hot.
If ZEC gets rejected again, price may slide back toward the trendline for a classic retest before trying another breakout.
For now? Zcash has completely flipped the script:
A fake breakdown, sharp reclaim, heavy demand, and a halving countdown — all lining up at the same time.
Bulls finally have something to celebrate.
