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Can Zcash price rally to $400 as shielded supply hits record levels?

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Zcash price has broken out from the upper side of a descending triangle pattern on the daily chart.

Zcash price shot up 25% on Wednesday, extending its monthly gains to over 60% as it continues to draw investor interest.

Summary

  • Zcash climbed to $330, marking a 25% daily gain and extending its monthly rally to over 60%.
  • Shielded pool holdings reached a record $5.18 billion, accounting for over 31% of circulating supply.
  • A breakout from a descending triangle and bullish indicators signal potential upside toward $400.

According to data from crypto.news, Zcash (ZEC) price rose to a three-month high of $330 on Wednesday, marking gains of around 62% over the past month.

Zcash price rallied as its shielded pools continue to draw more capital from investors. Data from the Zcash dashboard show that the total amount of ZEC tokens held in shielded pools hit an all-time high of $5.18 billion on April 8. At this point, the figure translates to 31.14% of the total circulating supply.

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More ZEC tokens being moved into shielded pools means a larger base of ZEC holders is using the protocol’s core privacy features. This suggests investors are increasingly eyeing Zcash as a privacy sanctuary, especially as jurisdictions around the world tighten their regulatory grip on digital asset surveillance.

The privacy token has also benefited from the broader crypto market recovery fueled by reports of a ceasefire between the U.S. and Iran.

Investors flocked back to the market as Zcash became a standout recovery play, having been one of the primary underperformers leading into April 2026.

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On the daily chart, Zcash price has broken out from the upper trendline of a descending triangle pattern that has formed since December 2025. A breakout from such a bearish pattern suggests that bulls have managed to finally reclaim control over the market and are likely steering it into a new bullish phase.

Zcash price has broken out from the upper side of a descending triangle pattern on the daily chart.
Zcash price has broken out from the upper side of a descending triangle pattern on the daily chart — April 8 | Source: crypto.news

The Supertrend indicator has turned green, a sign that the prevailing trend has shifted in favor of the buyers. Also, the MACD lines have moved past the zero line and are trending upwards, which means buying momentum significantly outweighs the selling pressure. This often occurs as a cooling period before a token’s next leg higher.

At the time of writing, Zcash price was testing the 38.2% Fibonacci retracement level at $332. Above this, the 50% retracement level at $375 lies as the next key resistance level. A breakout from these levels back-to-back could fling ZEC price above the $400 psychological resistance level.

On the contrary, if Zcash price falls below the $278 support level, it could slip back towards the $190 region where it has consolidated in past sessions.

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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Crypto World

South Korea Tightens Crypto Withdrawal Delay Exemptions

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South Korea Tightens Crypto Withdrawal Delay Exemptions

South Korea’s financial regulator said it will tighten the exception rules under crypto exchanges’ withdrawal-delay system after finding that scam-linked accounts granted exemptions accounted for most voice-phishing-related losses. 

The Financial Services Commission (FSC) said Wednesday that the strengthened framework, developed with the Financial Supervisory Service (FSS) and the Digital Asset eXchange Alliance (DAXA), will impose unified standards on when users can bypass withdrawal delays. 

The regulator said exchanges had been applying their own exception criteria with no clear minimum standard, creating loopholes that let bad actors quickly move funds if they meet easy requirements such as account age or trading history. 

From June to September 2025, accounts granted withdrawal-delay exemptions made up 59% of fraudulent accounts and 75.5% of related losses at crypto exchanges, the FSC said.

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The move follows a wider South Korean push to tighten crypto exchange controls after voice-phishing abuse and operational-control failures, including fresh reforms announced this week after Bithumb’s Bitcoin (BTC) payout error.

Transfer route and protection device for voice phishing damage through virtual assets, translated to English. Source: FSC

Unified rules aim to curb misuse of withdrawal-delay exemptions

The FSC said that under the new rules, exchanges must assess factors like trading frequency, account history and deposit and withdrawal amounts when determining whether a user qualifies for a withdrawal-delay exemption. 

The regulator said the change is expected to reduce the number of users eligible for exemptions sharply. The FSC said a simulation showed the share of users eligible for exemptions would fall to around 1% under the new rules, but did not provide a baseline for comparison.

Related: South Korean brokerage Korea Investment & Securities eyes Coinone stake: Report

The FSC said it will also strengthen oversight of users granted exemptions through periodic checks, including verification of the source of funds, and by building systems to monitor suspicious withdrawal activity. 

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The regulator added that they will continue reviewing the rules to prevent new circumvention methods and adjust as needed. 

The move adds to a broader push by South Korean regulators to tighten oversight of crypto exchanges following recent incidents. 

On Tuesday, the FSC ordered exchanges to reconcile internal ledgers with actual asset holdings every five minutes after an inspection linked to the Bithumb payout error found gaps in internal controls and risk management systems.

On Jan. 29, South Korea expanded crypto licensing scrutiny to cover exchanges and major shareholders. 

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Magazine: ‘Phantom Bitcoin’ checks, Drift hack linked to North Korea: Asia Express