- ZEC gained roughly 30% in 24h, touching an intraday high of $324.88 against a low of $260.02.
- Trading volume spiked 209.91% to $908.07M, dwarfing recent daily averages by a wide margin.
- RSI hit 70.83 as ZEC attempts a breakout from a multi-month $200–$300 accumulation range.
- Grayscale Zcash Trust NAV rose 6.77% in a single session; AUM now stands at $106.6M.
Zcash price is up roughly 30% over the past 24 hours, trading around $321.56 with an intraday high of $324.88, the sharpest single-session move ZEC has posted in months. On April 7, President Trump announced a two-week ceasefire with Iran, contingent on the reopening of the Strait of Hormuz, and capital moved fast.
Zcash coin was one of the first and loudest beneficiaries. The broader market followed, as Bitcoin (BTC) reclaimed $72K, briefly touching $72,732; the total crypto market cap expanded 3.77%; and risk assets globally found buyers.
The ceasefire announcement did exactly what a de-escalation tends to do, stripping out the safe-haven premium and sending sidelined capital hunting for beaten-down assets. Zcash coin fits that profile almost perfectly.
ZEC was one of the most underperforming assets heading into April 2026, which made it a natural target once sentiment flipped. The 209.91% spike in 24-hour volume to $908.07 million means buyers stepped in at size and kept stepping in.
READ MORE: Rwanda’s Central Bank Warns Bybit Over Illegal FRW Crypto Trading
At the same time, Grayscale publicly reaffirmed its conviction in Zcash’s optional privacy model, shielded versus transparent, the same session ZEC was running. Its Zcash Trust, ticker $ZCSH, saw NAV per share rise 6.77% in a single day to $22.07, with $106.6 million in AUM and 4.83 million shares outstanding.
Zcash Price Tests $320–$330 Resistance as RSI Hits Overbought
The technical picture is less clean than the fundamental story, which is exactly what you’d expect from a first-day breakout attempt. Zcash price is pushing directly into the $320–$330 zone, a level that previously held as support before breaking lower.
The ZEC crypto price paused there for a reason. From February through early April, ZEC consolidated between roughly $200 and $300, building what appears to be a base. The current move is a range breakout attempt, but confirmation isn’t in yet.
RSI on the daily sits at 70.83, which is the overbought territory. The signal from 53.46 on the moving average shows the momentum expansion is real, but the pace of the move from the RSI lows near 28 registered in early 2026 warrants caution.
In a trend reversal context, an RSI above 70 can be read as strength rather than exhaustion. But a short-term pullback toward $260–$280 support would be structurally healthy and wouldn’t break the developing bull case.
Analyst Clifton Fx, citing the descending channel structure on the daily, projects a 300–350% rally for ZEC in the coming sessions. The Zcash price prediction hinges entirely on whether the current candle closes firmly above $320–$330.
A clean close above the next major supply zone between $380 and $400 opens the next major supply zone, while a rejection from current levels likely pushes price back into the $260–$280 mid-range. The ceasefire timeline is the macro clock to watch, with the two-week window set to expire around April 21. Any sign of deterioration would reprice the risk-on trade that’s currently running under ZEC.
READ MORE: Zcash, Pepe Coin, Sui, and Top Altcoins are Rallying: Start of a Crypto Bull Run?
