- Zcash price surged from a low of $185 in February to $688 in May.
- The shielded supply of the ZEC tokens has continued rising in the past few months.
- The coin has formed a cup-and-handle pattern, pointing to more gains in June.
Zcash price performed strongly in May 2026, jumping to a high of $688, its highest level since November 2025. At its peak, ZEC was up by over 274% from its lowest point this year. What does the future hold for this leading privacy coin? This article offers a Zcash token price forecast for June.
Zcash Price Has Jumped Amid the Ongoing Privacy Token Demand
ZEC token has done well in the past few months, soaring from a low of $185 in February to a high of $688. This surge coincided with the growing market share in the privacy industry, as evidenced by the rising shielded tokens.
Data show that the number of shielded addresses has been slowly increasing, reaching a high of 5.11 million today, up from 1.47 million in 2024. At the current price, the shielded supply is valued at over $2.7 billion, forming an important part of its ecosystem.
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Shielded supply refers to the amount of ZEC tokens stored in its privacy-preserving cryptographic pools that hide transaction amounts, wallet balances, and identities of senders and recipients.
More investors have continued buying Zcash tokens, with the Winklevoss Twins being the most notable of them. They hold Zcash tokens worth over $140 million and a $50 million stake in Cyperphunk, a company whose goal is to accumulate ZEC tokens.
There are signs that the Grayscale Zcash ETF, which was filed last year, will be listed soon, a move that will increase demand over time.
Zcash Price Prediction: Technical Analysis
The daily chart reveals that the ZEC token price bottomed at $185 in February and then surged to a high of $688 in May this year. This surge coincided with the soaring demand in the spot and futures markets.
The coin then pulled back to a low of $500, its lowest point on May 7 this year. It remains above the 50-day and 100-day Exponential Moving Averages (EMA), a sign that bulls remain in control.
There are signs that the Zcash price has formed a cup-and-handle pattern, a common bullish continuation sign. This pattern has a depth of about 67%. Measuring the distance from the cup’s upper side gives it a target of $928. This target is about 72% from the current level, and will be confirmed when it moves above the key resistance level at $688.
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