Zcash price (ZEC) extended its October rally on Tuesday, climbing more than 14% to around $261.
That move pushed it among the day’s top crypto gainers, with trading volume surging 57% to nearly $940 million, a sign that traders are rotating into privacy-focused assets ahead of the network’s next halving in November 2025.
The renewed demand isn’t random. As global regulators lean harder into central bank digital currencies (CBDCs) and data tracking, privacy coins are once again back in focus.
Analysts note that Zcash’s blend of scarcity and optional anonymity is resonating with both retail users and institutions seeking a compliance-friendly hedge against financial surveillance.
Supply Shock Meets Privacy Narrative
In the past month, the ZEC coin has increased by about 400%, outperforming most major cryptocurrencies. The main reason for this rise is its upcoming halving, which will reduce miner rewards from 3.125 to 1.5625 ZEC per block. This change will cut the new supply in half.
The last halving in 2020 led to a 170% price increase, and current data shows that traders might be anticipating a similar rise this time.
Accumulation by Grayscale’s Zcash Trust adds to that optimism. At the same time, the share of shielded transactions, ZEC’s privacy-enabled transfers, has risen to 27% of supply, signaling growing utility.
Partnerships like NymVPN’s integration of shielded payments show Zcash’s privacy tools are finding real-world traction beyond speculation.
Still, not all is smooth. The EU’s proposed 2027 ban on privacy coins could tighten liquidity, although Zcash’s selective privacy design may allow it to stay listed where stricter coins like Monero might not.
Zcash Price Eyes $308 Resistance as Next Key Level
On the charts, the Zcash price is holding momentum. Its RSI remains elevated but short of overbought territory, while MACD readings suggest bulls still have room.
Analyst Javon Marks has set a target price of $308.46, which is about 16% higher than the current price. He noted that if the price breaks above this level, it could lead to a rise towards $598 in the mid-term.
Immediate support sits near $240, with $308 acting as the ceiling. A decisive close above that range could trigger another leg up into Q4. But if volume fades, a pullback to the $225 consolidation area is likely.
For now, Zcash crypto remains one of the few altcoins where both scarcity and privacy align, a combination that traders rarely ignore before a halving event.
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