After 8 years trapped in a downtrend, the privacy coin ZCash (ZEC) finally broke through a long logarithmic trend and recorded a remarkable rally.
According to CoinMarketCap data, in the past 24 hours, its value surged 8.17%, while in the past 30 days it has soared more than 94%, trading at about $76.45.
ZCash breaks a long, frustrating downtrend
This historic moment occurred on September 29, 2025, when the ZEC/BTC pair successfully broke an eight-year bearish trend. The year-to-date price surged 130% and shows no signs of exhaustion.
From a technical perspective, the chart shows a breakout of a falling wedge pattern, coupled with the RSI reaching overbought levels of 72, and bullish divergence on the MACD indicator.
This combination has led many analysts to believe that altcoin’s rally is not over. In fact, the surge in public interest in the keyword “privacy coins” on Google has been in line with this price increase.
However, it’s not just technical factors that are fueling the rally. There was exciting news on September 16, 2025, when Electric Coin Company released Zashi CrossPay. The Zashi wallet now supports private cross-chain transactions, connecting ZEC with major networks like BTC, ETH, and stablecoins.
Since its launch, the number of ZEC shielded transactions has skyrocketed. This means that ZCash is no longer just a privacy coin for a select few, but is starting to be positioned as a privacy layer for the multichain DeFi ecosystem. It’s understandable that investors see this as a significant leap forward.
ZEC trading volume surpasses Monero
Furthermore, on September 30, 2025, ZEC’s daily trading volume reached $215 million, significantly higher than Monero’s (XMR) $128 million. Its market cap also surpassed $1.12 billion.
Analysts consider the technological superiority of zk-SNARKs to be a key differentiator, especially with the support of several prominent industry figures. Meanwhile, increasing regulatory pressure on fully transparent assets—such as the rejection of ETFs for XRP and SOL—has actually boosted interest in privacy-layered assets like ZEC.
However, this journey is certainly not without risks. With the RSI already in the overbought zone, some traders may be wary of a short-term correction.
Even so, optimism remains strong. An analyst known as SHA256_Lock_Smith even suggested that a butterfly pattern on the daily chart could potentially push ZEC’s price to $161.
That target sounds ambitious, but in the crypto world, don’t surprises often come when the market is least prepared?