A break above $310 could allow bulls to target $500, while key support lies near $204.
Altcoins are looking to gain and Zcash (ZEC) is trading at $271, up 14% in the past 24 hours and more than 29% in the past week to rank as one of the top performers.
Zcash price has exploded in the past month and currently sits 399% up on its low in the period.
The gains see Zcash rank among the top weekly performers as of writing, with Virtual Protocol being the only token ahead of ZEC.
Other top gainers over the week include Succinct, Falcon Finance, Walrus, Pump.fun, and Virtuals Protocol.
While the gains come alongside the broader market’s uptick post the latest consumer price index data report, the ZEC price is hovering at a level that could see it make a significant retest of a psychological resistance level.
The retest of $270 comes after a recent dip that followed Zcash’s rally to highs near $300 on two occasions this past month.
On October 11, 2025, ZEC outpaced Bitcoin’s modest gains to highs above $298, and repeated the feat on October 21 with an uptick to above $310.
Zcash’s unique appeal through its zk-SNARK technology, which enables optional shielded transactions, has been a key driver of the bullish sentiment.
According to data from the Zcash Dashboard, demand for privacy has surged in recent months.
The total value of all shielded ZEC is now hovering at an all-time high of over 4.92 million tokens, with the value of these tokens now at over $1.31 billion.
Shielded ZEC tokens now account for about 30.1% of the supply.
As well as ZEC’s privacy narrative, price performance has benefited from treasury bets and ETF buzz.
Grayscale’s Zcash Trust, launched earlier this month, drew significant attention.
Zcash’s rise to the $270 mark reflects a confluence of technical strength and fundamental catalysts.
Apart from the above bullish factors, ZEC rose amid an ascending triangle pattern, while the Relative Strength Index is hovering at 66 to signal bullish momentum.
Further adoption of privacy-centric applications and factors such as Zcash halving could buoy buyers.
However, a brief pullback toward $234-$204 could materialize if broader market profit-taking intensifies.
Recently, the privacy coin’s price dropped from a peak of $310 to lows of $226.
