Connect with us

Crypto World

Zcash price forecast as ZEC extends gains above $200

Published

on

Zcash price eyes the $300 mark
Zcash price eyes the $300 mark
  • Zcash gained 9% to above $215 but faces resistance and could dump hard.
  • The altcoin rose amid Bitcoin’s rebound to above $69,000 on Monday.
  • Privacy coin narrative and venture funding have helped ignite ZEC’s uptick.

Zcash (ZEC) rose nearly 9% after bouncing from recent lows, placing the token among the top gainers among the 100 largest cryptocurrencies by market capitalisation.

The privacy-focused coin retested resistance above $215 as altcoins broadly posted modest gains over the past 24 hours.

Sentiment improved after Bitcoin climbed above $69,000, helping lift the wider market.

ZEC advanced alongside other privacy-oriented tokens, including Tornado Cash, Oasis Network, and Dash.

Monero (XMR) also recorded gains, with the token rising nearly 3% over the past 24 hours.

Advertisement

What could help Zcash price higher?

While the broader market rebound has supported Zcash (ZEC), other factors may also be contributing to the token’s recent bounce.

ZEC appears to be drawing momentum from a new report by the United States Department of the Treasury, which acknowledged that crypto privacy tools such as token mixers can serve legitimate purposes.

The report states that such tools may be used for “legitimate financial privacy purposes,” marking a shift in tone from previous official positions regarding mixers and other privacy-focused technologies.

“Lawful users of digital assets may leverage mixers to enable financial privacy when transacting through public blockchains,” the Treasury said in its report to Congress.

Advertisement

The token has also benefited from ecosystem developments.

The team behind a new Zcash-powered mobile wallet recently secured $25 million in a funding round backed by several venture capital firms active in the digital asset sector.

According to ZODL, the backing “signals strong investor confidence” in shielded ZEC transactions.

Players that participated in the funding include Paradigm, a16z crypto, Winklevoss Capital, and Coinbase Ventures.

Others were Cypherpunk Technologies and Arthur Hayes’ family office, Maelstrom.

Josh Swihart, the former CEO of Zcash developer Electric Coin Company (ECC), founded Zodl (formerly Zashi) in 2024.

Advertisement

Zcash price: breakout or dump below $175?

Zcash (ZEC) was among the standout performers in the privacy-focused segment of the crypto market in 2025.

The token rallied from lows near $50 in September to a peak of about $700 by mid-November.

However, the gains proved difficult to sustain as the broader market turned lower.

As Bitcoin declined and the wider crypto market followed, ZEC retraced sharply, slipping to below $220.

Advertisement

The token fell further to around $184 on February 5, 2026, during a broader market sell-off that coincided with the departure of core developers from Electric Coin Company (ECC).

Following the sharp downturn, ZEC is currently down about 58% on a year-to-date basis.

Zcash Chart

Zcash price chart by TradingView

The daily chart indicates that Zcash (ZEC) has rebounded from a key support level near $200.

Advertisement

If upward momentum strengthens, the token could test initial resistance in the $290–$300 range, with a potential move toward $400 if buying pressure persists.

The relative strength index (RSI) has turned higher around the 50 level, suggesting the possibility of continued bullish momentum.

However, the moving average convergence divergence (MACD) points to weakening upside strength, which could give sellers an opportunity to push the price back toward recent lows.

On the downside, ZEC could decline to levels last seen in October 2025 if bearish pressure intensifies.

Advertisement

A decisive close below $175 may open the door to further losses, with the next key support level around $120.

Advertisement

Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Crypto World

Can you still mine Bitcoin on a PC in 2026? Here is the reality

Published

on

Can you still mine Bitcoin on a PC in 2026? Here is the reality

Can you still mine Bitcoin on a PC in 2026? Here is the reality

Mining Bitcoin on a desktop in 2026 may sound simple, but is it profitable? Do rising network difficulty and energy costs mean the end of PCs as Bitcoin mining equipment?

Source link

Continue Reading

Crypto World

Circle (CRCL) shares continued their rally on Monday

Published

on

Circle (CRCL) shares continued their rally on Monday

Already on a tear ahead of the war in Iran, Circle (CRCL) might be an unlikely beneficiary of the conflict.

The stock rose 10% on Monday, outperforming other crypto-linked equities, with the shares now up by 86% over the past month, though they remain sharply lower since their peak post-IPO frenzy last summer.

Japanese bank Mizuho said part of the Circle rally reflects the jump in oil prices following the escalation in Middle East tensions. Higher crude prices could reignite inflationary pressures, potentially reducing expectations for Federal Reserve rate cuts.

Other things being equal, stablecoin issuers are thought to benefit from higher interest rates as that means higher yields on their invested dollars.

Advertisement

Indeed, oil prices have surged since hostilities erupted in the Gulf, with WTI crude up roughly 35% since Feb. 28. Higher energy prices tend to fuel inflation and can limit central banks’ ability to cut interest rates.

Positioning has surely played a role as well.

While the company reported solid growth in USDC supply in its fourth-quarter earnings, analysts say the magnitude of the move likely reflected a crowded short trade ahead of the release.

“The magnitude of the move wasn’t purely about the headline numbers. Positioning was the real catalyst,” said Markus Thielen, founder of 10x Research.

Advertisement

According to his data, hedge funds had accumulated sizable bearish bets ahead of the report. That setup created what Thielen described as a “high-probability short squeeze rather than a fundamental re-rating.”

Short interest currently stands at about 13% of the float, equivalent to roughly two days to cover, according to FactSet data.

Read more: Circle moves $68 million in just 30 minutes by using its own stablecoin for internal payments

Source link

Advertisement
Continue Reading

Crypto World

Blockchain.com Expands Crypto Trading Platform to Ghana

Published

on

Blockchain.com Expands Crypto Trading Platform to Ghana

Crypto brokerage company Blockchain.com is expanding into Ghana as part of a broader push to grow its presence across Africa, following rapid user growth in Nigeria over the past year.

The company said it plans to offer Ghanaian users access to its trading platform as it builds out regional infrastructure and explores additional African markets.

The expansion follows strong growth in Nigeria, where the company launched retail operations last year and reported more than a 700% increase in brokerage transaction volume. According to the company, the most traded assets on its platform in the country have been Bitcoin (BTC), Tether (USDT) and Tron (TRX).

The company said Ghana has also seen rising activity on its platform ahead of the formal launch, with active users increasing 140% over the past year and transaction volumes climbing 80%.

Advertisement

“We are actively collaborating with Ghanaian officials and regulators to help build a regulatory framework and have already established local compliance representation in Ghana,” a Blockchain.com spokesperson said.