Zcash price posted a 14.93% gain over 24 hours, punching through $268 on $742 million in volume, up 86.57% from the prior session. The move came as three distinct catalysts landed in close succession, and buyers who had been holding conviction at the $200 level finally got their bid. Zcash crypto hasn’t seen this kind of stacked fundamental activity in years, and the market is repricing accordingly.
Zcash Open Development Lab Raises $25M, Foundry Mining Pool Targets April Launch
The Zcash Open Development Lab closed a $25 million seed round backed by a16z, Paradigm, and Winklevoss Capital last week. Separately, Foundry, the operator behind the world’s largest Bitcoin mining pool, announced it will launch an institutional-grade ZEC mining pool in April, bringing professional-grade infrastructure to the Zcash ecosystem for the first time.
The third piece is on-chain, as data shows the shielded pool hit a new all-time high above 5.1 million ZEC locked, a 400% increase since the ZODL wallet launched. Social sentiment followed, with LunarCrush registering 88% positive and AltRank jumping to #10 from an average of 522 over the past year.
The macro backdrop also added lift. Ethereum price pushed above $2,300 for the first time in six weeks, a 10% move in 24 hours. The total crypto market cap expanded by 1.1%, and perpetual futures open interest rose by 8.52% to $458.12 billion.
Short liquidations in BTC hit $167.14 million over the same window, with shorts accounting for 70% of that total. This squeeze freed capital and pushed risk appetite up the curve. US spot Bitcoin ETFs recorded $767 million in net inflows for the week ending March 13, their third consecutive week of positive flows.
Historically, when bitcoin and the overall crypto market surge, other altcoins, including Zcash (ZEC), also tend to do well.
ZEC Price Breaks Descending Trendline
The chart cleaned up fast once buyers absorbed the $250 level. Zcash price broke decisively above the psychologically important threshold and its key daily moving averages, confirming a reversal from the lows near $200. The 7-day RSI sits at 78.79, technically overbought, suggesting some consolidation is likely the near-term path before another leg higher.
Analyst Javon Marks identified a completed wedge breakout on the longer-term chart, projecting a measured move toward $437.55, roughly 158% from the breakout zone. That target is prominent but not yet in focus; the nearer structure matters first.
Analyst Ardi framed the setup in terms of levels rather than projections. He maintains that ZEC broke the descending trendline and ran straight into the $280 resistance zone. If buyers can flip $280 into support, the chart sets up a run at the prior macro lower high at $330, and a clean break there opens the door to a broader rally toward $400.
If $330 doesn’t hold, the rally will have done nothing more than set a new lower high, and the Zcash price will likely pull back to the critical support range that held during the selloff.
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