Key Insights
- Zcash privacy coin posted a sharp rebound, jumping almost 28% over the past week.
- A top analyst pointed out that the monthly Ichimoku Cloud finally turned bullish, indicating a macro trend reversal.
- Zcash market cap sits at $10.1 billion, which is only a few billions away from toppling Cardano from the 10th position among the largest cryptocurrencies by market valuation.
Zcash privacy coin posted a sharp rebound, jumping almost 28% over the past week. In recent crypto news covering the privacy coin sectors, the Zcash rally is one of the coin’s strongest bursts of momentum in years.
The 1-month chart now points to a potential macro bullish trend reversal, suggesting the long-dormant privacy coin may finally be waking up after years of flat trading.
A top analyst pointed out that the monthly Ichimoku Cloud finally turned bullish, a shift the market hasn’t seen in a long time.
The privacy coin pushed well above the Kumo, a move he claims often signals the start of a deeper trend change.
If buyers manage to sustain this trend, the chart structure now leans toward further upside. In fact, several traders noted that a move toward the $1,000 area no longer looks far-fetched.
ZEC Jumps by 28% in Latest Crypto News: The Road to $1000 For Zcash Privacy Coin
Curb.sol, an expert crypto analyst, brought to attention a steady series of higher lows on the Zcash privacy coin chart, each one finding support right at the Ichimoku cloud.
This repeated pattern told a bullish narrative that buyers were stepping in at the same zone, and they were doing it with confidence.
As the trend developed, Zcash (ZEC) broke through each resistance band with clear momentum. Every pullback was shallow, and each rebound formed a stronger foundation.
In markets, this kind of disciplined demand is never an accident. It’s usually a sign of accumulation—and it tends to appear long before a major leg higher.
Today, the price has cleanly pushed above the final resistance block on the chart. The breakout has grown into a continuation of steady strength that has been building for weeks.
The cloud is thick, rising, and fully supportive. This mix of signals often appears at the very start of a broader, lasting trend.
Lately, the upswing has been picking up at a strong pace with the market leaning in favor of the bulls right. This is the kind of trend that will push the price towards the $1000 price zone.
Meanwhile, the climb won’t be perfectly clean, and there will likely be a few pullbacks along the way. However, the overall structure is solid and tilted to the upside.
If Zcash privacy coin holds above its recent breakout range, the market may be witnessing the early chapters of a much larger move.
Zcash Privacy Coin Technical Analysis: Ichimoku Cloud Signals Bullish Move
1-month chart of Zcash shows a market waking up after a long period of quiet trading. The latest candle on Zcash’s monthly chart pushed far beyond the previous range to signal a clear shift in momentum.
The price moved straight through the Ichimoku cloud, a sign that the market has moved from months of hesitation to a far more confident bullish tone.
The RSI has now pushed into territory the market hasn’t seen in years, showing just how strong the recent buying has been.
That kind of surge often leads to a brief pause as the market cools off, but sharp bursts like this can also appear right as a larger trend is beginning.
The real question now is whether buyers can hold these higher levels once the early rush fades.
If they manage to keep the price steady, Zcash could be stepping into a much longer, more durable upswing. If not, a routine pullback would still keep the overall outlook positive.
Zcash Will Flip Cardano If It Hits $1000
Market cap of Zcash sits at $10.1 billion, which is only a few billions away from toppling Cardano from the 10th position among the largest cryptocurrencies by market valuation.
The price only needs to break out by 65% and reach $981 to grab the 10th position, said expert analyst Michaelangelo.
While such a jump might sound ambitious, the token has already delivered a tenfold surge in just a few months.