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Home Articles Zcash (ZEC): Analyst Sticks to $308 Target After $50 Breakout

Zcash (ZEC): Analyst Sticks to $308 Target After $50 Breakout

Joseph Alalade
Joseph Alalade
Joseph Alalade
Author:
Joseph Alalade
News Lead and Editor
Joseph is a content writer and editor who has actively participated in crypto for over 6 years. He enjoys educating others about Web3 and covering its updates, regulatory developments, and exciting stories.
Updated: September 23rd, 2025

Zcash price (ZEC) surged past the $50 threshold this week, climbing more than 13% in the last 24 hours to trade near $53.90. This pushed its market cap to $875 million and lifted daily trading volume above $110 million, making ZEC one of the day’s top gainers alongside Mantle (MNT) and Avalanche (AVAX).

The rally marks a sharp recovery from last year’s cycle low of $15.97. It has revived discussions about whether ZEC can extend its rebound toward the target of $308.461 set by analyst Javon Marks.

On social media, Marks confirmed that his target is still the same. He believes that Zcash can go up more than 465%.

ZEC can surge 465% from here | JavonTM1 on X

This prediction is notable because Zcash (ZEC) is one of the few long-standing cryptocurrencies that focus on privacy. The recent price increase has brought ZEC back above key levels that traders have been monitoring for months.

Zcash Price Forecast: ZEC Testing the $55 Barrier

From a technical perspective, ZEC’s rebound carries weight. The token has closed above its seven-day simple moving average at $50.47, breaking through a level that had acted as resistance since mid-summer.

Momentum indicators are leaning bullish: the Relative Strength Index stands around 63, suggesting the asset is not yet overbought, while moving averages are overwhelmingly positive, with 14 out of 15 flashing “buy.” Still, the MACD histogram remains slightly negative, suggesting that short-term momentum may be waning even as price action rises.

Zcash price in 2025 | TradingView

ZEC has increased by 78% over the past year, as shown above. However, it is slightly down for 2025 so far. The intraday charts indicate that the $51.49 Fibonacci retracement level is important and has become tentative support.

Sustained closes above $55 could open the path toward $60 and eventually challenge the broader resistance zone near $100 before 2026. Breaking those psychological levels would be essential if ZEC is to build a foundation for Mark’s $308 projection.

Privacy Gains Meet Structural Challenges

Zcash’s shielded transactions reached 3.06 million this month, showing the growing demand for financial privacy as regulators tighten oversight of transparent blockchains.

The July integration with NymVPN, which enables private ZEC payments for subscriptions, adds a layer of network anonymity and advances the project toward a “full stack” privacy model.

However, Zcash still faces hurdles. The ZEC coin trades more than 99% below its 2016 peak of $5,941, and the community is preparing for a shift from proof-of-work to proof-of-stake. A crucial vote on the development fund is scheduled for November 2025.

These changes could strengthen the network over time, but they also bring uncertainty, especially as competition among privacy coins continues to grow.

READ MORE: Hyperliquid Price Drops Below $48 Ahead of Massive $12B Unlocks

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Joseph Alalade
News Lead and Editor
Joseph is a content writer and editor who has actively participated in crypto for over 6 years. He enjoys educating others about Web3 and covering its updates, regulatory developments, and exciting stories.