Will Zcash (ZEC) Price Finally Retest $500 After Nearly 8 Years?

Zcash (ZEC) has been one of the top-performing privacy coins in recent weeks, fueled by renewed interest in decentralized privacy.

As market sentiment strengthens, ZEC’s momentum appears poised for a potential retest of $500 — a level not seen in more than 7 years and 9 months.

Zcash Investors Are Optimistic

Investor confidence in Zcash is reaching new highs, as reflected by the surge in weighted sentiment. The indicator shows overwhelmingly positive sentiment toward the privacy-focused altcoin, suggesting that investors are increasingly optimistic about its near-term performance. 

As investors seek exposure to privacy coins amid regulatory uncertainty surrounding other crypto sectors, Zcash has emerged as a clear beneficiary. The consistent inflows and optimism seen indicate that ZEC could continue to enjoy upward pressure in the short term.

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From a technical standpoint, Zcash’s macro momentum also supports this bullish narrative. The Chaikin Money Flow (CMF) indicator shows consistent inflows, confirming that investor interest remains strong. The indicator, however, is approaching the overbought threshold between 20.0 and 25.0, signaling that the market could be nearing a saturation point.

Typically, ZEC has historically shown a tendency for reversals when the CMF crosses this level. This suggests that while bullish conditions remain intact for now, a short-term correction could follow once ZEC approaches the key $500 psychological resistance.

ZEC Price Aims At Breaking Through Barriers

ZEC price is trading at $416 at the time of writing, just below the $450 resistance. The altcoin has surged sharply this month, maintaining strong support above the $400 mark. This level has served as a critical base for its current uptrend.

If momentum continues, Zcash could breach $450 and rally toward $500 for the first time in 7 years and 9 months, before facing profit-taking pressure. Reaching this mark would represent a major milestone, as it last tested these levels eight years ago.

However, if selling pressure builds early, ZEC could fail to break above $450 and slide below $400, potentially revisiting $344. This would invalidate the short-term bullish outlook and suggest a brief consolidation phase before the next upward attempt.