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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

Iran turns Strait of Hormuz into $1-per-barrel Bitcoin tollbooth

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Iran strikes Gulf energy network as oil surges past $110

Iran will charge tankers $1 per barrel in bitcoin to cross the Strait of Hormuz during a two‑week US ceasefire, adding a crypto tax to the world’s key oil chokepoint.

Iran will force every oil tanker transiting the Strait of Hormuz during the new two-week ceasefire with the US to pay a $1-per-barrel toll in cryptocurrency, turning the world’s most sensitive oil chokepoint into a de facto bitcoin paywall. According to the Financial Times, Tehran will demand that shipping companies settle the fee in digital assets, primarily bitcoin, as it seeks hard-to-trace revenues while sanctions bite. Hamid Hosseini, spokesperson for Iran’s Oil, Gas and Petrochemical Products Exporters’ Union, said the system is designed to slow traffic on Iran’s terms and tighten control over what moves through the corridor.

Under the scheme, tankers must first email Iranian authorities with detailed cargo manifests before entering the strait. Hosseini told the Financial Times that once the email is received and Tehran completes its assessment, “vessels are given a few seconds to pay in bitcoin, ensuring they can’t be traced or confiscated due to sanctions.” He added that “everything can pass through, but the procedure will take time for each vessel, and Iran is not in a rush,” underscoring that the stated aim is to prevent weapons shipments during the pause in fighting. With typical crude cargoes ranging from 500,000 to 2 million barrels, a single transit could mean crypto payments of $500,000 to $2,000,000 per voyage.

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Ceasefire, crypto and a global oil lifeline

The toll comes as Washington and Tehran test a fragile truce that hinges on a partial reopening of the Strait of Hormuz, which before the war carried roughly a fifth of the world’s seaborne oil. A senior Iranian official told Reuters that Iran could reopen the strait “limited, under Iran’s control” as early as Thursday or Friday, ahead of talks with US officials in Pakistan. Oil markets have already reacted: Brent futures slid about 13% to roughly $94.76 per barrel and US benchmark WTI dropped more than 15% to around $95.79 after President Donald Trump agreed to the two-week ceasefire, conditional on the “immediate and safe” reopening of the strait.

In Washington, Trump has floated turning the tolls themselves into a joint business model. “We’re thinking of doing it as a joint venture,” he told ABC News’s Jonathan Karl, calling it “a way of securing it — also securing it from lots of other people. It’s a beautiful thing.” That suggestion follows earlier musings that the US could impose its own tolling regime on ships using the strait, effectively monetizing a corridor where even a $1-per-barrel surcharge is a small fraction of crude trading in the mid-$90s but represents a new geopolitical tax on a market still reeling from weeks of war-driven price spikes.

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Crypto World

Standard Chartered Mulls Restructuring of Zodia Crypto Custodian: Report

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Standard Chartered Mulls Restructuring of Zodia Crypto Custodian: Report

Standard Chartered is reportedly weighing a restructuring of its majority-owned crypto custodian Zodia Custody, as large banks look to bring more digital asset infrastructure inside their core banking operations.

The United Kingdom-based lender plans to fold Zodia’s crypto custody business into a division inside its corporate and investment bank that already offers similar services, while keeping Zodia operating as a standalone Software-as-a-Service (SaaS) platform for digital asset custody, according to Bloomberg on Wednesday, citing people familiar with the matter. An announcement on the restructuring could reportedly come as soon as this month.

It is not yet clear whether Standard Chartered has opened negotiations with Zodia’s minority shareholders, which include Northern Trust, Emirates NBD, National Australia Bank and SBI Holdings.

Standard Chartered has rapidly expanded its own digital asset footprint, reportedly exploring the launch of a crypto prime brokerage platform through its venture arm, SC Ventures, and rolling out institutional crypto trading in summer 2025.

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Related: Standard Chartered says faster stablecoin turnover could curb demand

The bank was an early mover into digital assets, setting up Zodia in 2020 with Northern Trust, and the custodian has since raised external capital and grown across seven offices in Europe, Asia and the Middle East.

Zodia Custody Services. Source: Zodia Custody

Cointelegraph reached out to Standard Chartered and Zodia, but had not received a response by publication.

How other big banks are internalizing crypto custody

Standard Chartered’s reported rethink comes as other global banks take digital asset custody directly under regulated banking entities. In February, Morgan Stanley applied for a US de novo national trust bank charter, which would allow it to custody certain digital assets and execute purchases, sales, swaps, transfers and staking services for clients within a bank-regulated framework.

In October 2022, BNY Mellon launched a Digital Asset Custody platform in the US that lets selected clients hold and transfer Bitcoin (BTC) and Ether (ETH) alongside traditional assets on a single platform, positioning the bank as a core provider of both conventional and tokenized asset servicing.

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