Zcash price has been on a serious run lately. The privacy-centric coin leads the market at writing, sitting at about $266 after soaring close to 18% within the last day. Even more stunning, its trading volume has increased by nearly 50%, indicating that momentum is definitely building around this move.
The biggest stimulus now is Zcash’s November 2025 halving. That will cut mining rewards from 3.125 ZEC to 1.5625 ZEC per block, so the new supply of about 900 ZEC per day will be cut in half.
Halvings traditionally create gigantic rallies because they decrease the selling pressure of miners and lead to scarcity. After the 2020 halving, ZEC price gained more than 170%, and many traders are now betting on history repeating itself.
At the same time, privacy adoption is rising fast. About 27% of all ZEC is now held in shielded pools, up from 20% just a month ago. This jump came after new integrations with THORSwap and NymVPN, both of which make it easier for users to transact privately.
Institutional interest is also picking up again, Grayscale’s Zcash Trust saw $4 million in inflows this week, hinting that larger investors are starting to view ZEC as a serious long-term play.
And when you compare ZEC to the rest of the market, it’s clear how strong this move is. While Bitcoin is up only about 1% and Ethereum 4.7%, ZEC’s 18% daily gain puts it in a league of its own among top-performing altcoins.
What the ZEC Chart Is Showing
The chart tells a clear story, ZEC price went from weeks of sideways action around $40 to a vertical rally that peaked just below $280. That’s more than a 600% rise in a short period.
After such a sharp move, some cooling off is natural, and that’s exactly what’s happening now. ZEC is consolidating around $260, forming what could become a solid support zone before another push higher. Despite the pause, buying activity remains strong, every small dip gets quickly bought up.
The volume spike also confirms growing confidence. Even after the initial breakout, trading activity remains elevated, which suggests that the market hasn’t lost interest.
Market Indicators
Momentum indicators are still favoring the bulls. MACD lines are going up, indicating persistent buying pressure, since the RSI has not crossed into overbought terrain, with room for one more up-move.
Open interest is always increasing, which is a sign of opening new long positions rather than closing out existing ones. This is often a strong sign of confidence ahead of a potential next leg up.
Key levels-wise, $240–$250 is fresh support now, and a number of bounces have already been seen in that zone. If the ZEC price can hold at $280, the subsequent key target would be in the vicinity of $300, which will be another key psychological level.
ZEC Price Short-Term Outlook for Q4
If momentum holds, ZEC could easily continue climbing through the final months of the year. With the halving narrative gaining traction and more users embracing privacy coins, the conditions for another big rally are all there.
On the shorter term, the Zcash price might probe the $300–$320 zone towards the end of the year, especially if volume keeps on growing and sentiment leading up to the halving remains intact.
Volatility is likely to remain high, but provided the coin is still above $240, the trend as a whole is still bullish. In summary, Zcash looks ready for one of its strongest quarters in years, and its traders are likely to bask in the next up leg.