Zcash Rally Extends to 40%: Can ZEC Hit $1,000 This Cycle?

The post Zcash Rally Extends to 40%: Can ZEC Hit $1,000 This Cycle? appeared on BitcoinEthereumNews.com.

Zcash has rallied nearly 40% over the past week, pushing its price to around $675. ZEC gained roughly 19% in the latest 24-hour period, while trading volume climbed above $1 billion. The rally has brought ZEC close to the $680–$700 resistance zone. This area previously stopped the price from moving higher, making it the biggest immediate test for buyers. What Triggered the Zcash Rally? The rally accelerated after ZEC broke through several resistance levels, including $520 and $590. These breakouts attracted momentum traders and forced some traders betting against ZEC to close their positions. Interest in privacy-focused cryptocurrencies also helped. Meanwhile, renewed institutional attention and wider strength across the crypto market gave buyers more confidence. Grayscale files 4th amendment for its Zcash ETF Grayscale is moving to convert its Zcash Trust into an ETF listed on NYSE Arca under the ticker $ZCSH. The filing also reveals that a DCG subsidiary is in nonbinding talks to acquire ~200,000 $ZEC (approx. $110M) through the fund. pic.twitter.com/reSqdp0DAy — BeInCrypto (@beincrypto) August 19, 2026 However, derivatives trading played a large role. ZEC futures volume reached roughly $4.55 billion, compared with about $553 million in spot volume. Open interest stood near $1.35 billion. That imbalance shows that leveraged traders are heavily involved. Leverage can push prices higher quickly, but it can also make a pullback sharper if momentum changes. Zcash Weekly Price Chart. Source: CoinGecko ZEC’s Larger Trend Remains Bullish On the two-hour chart, ZEC trades well above all four major exponential moving averages. The 20-period average sits near $609, followed by the 50-period average at $567. The longer-term averages remain lower at approximately $539 and $519. In simple terms, recent prices are rising much faster than their longer-term averages. That confirms a strong upward trend. The two-hour MACD also remains positive. This indicator measures…

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