Zcash (ZEC) Price: Arthur Hayes Hints at $400 Rally as Grayscale’s Barry Silbert Backs Privacy Coin

TLDR

• Grayscale Chairman Barry Silbert praised Zcash, calling it a tool for financial freedom
• BitMEX co-founder Arthur Hayes hinted ZEC could rally to $400, with a long-term target of $10,000
• ZEC is trading near $388, up 8% weekly and 61% monthly
• Key breakout zone is $390–$400, with analysts targeting $440–$447 next
• Brazil’s Central Bank plans to ban stablecoins and crypto for cross-border settlements from October 1

Zcash (ZEC) is drawing fresh attention from high-profile names in the crypto space. Grayscale Chairman Barry Silbert recently backed the privacy coin, saying that restricting decentralized assets is inherently difficult and that privacy-focused networks operate beyond easy surveillance. He described Zcash as representing financial freedom.

His comments came after Brazil’s Central Bank announced plans to ban stablecoins and crypto for cross-border settlements, effective October 1. The move has pushed some traders back toward privacy coins.

Arthur Hayes Eyes $400 and Beyond

BitMEX co-founder Arthur Hayes added fuel to the bullish case. In a recent post on X, Hayes noted ZEC had already rallied to around $392 and hinted a move to $400 was close. He also floated a long-term price target of $10,000 for ZEC.

At the time of writing, ZEC was trading near $388, after touching a 24-hour high of $392. The coin is up 8% over the past week and 61% over the past month. Market cap sits at $6.43 billion, with 24-hour trading volume near $597 million.

Robinhood has also listed ZEC, adding to its visibility among retail investors.

Key Price Levels Analysts Are Watching

The $390–$400 zone is the key area traders are watching. Analyst Crypto Tony noted that a reclaim of $390 could open the door for a move toward $440. That level aligns with resistance zones flagged by several other analysts.

Analyst LSTRADER pointed to a base near $306, which ZEC has already cleared. The next larger resistance above $440 sits around $760–$770. Analyst Igor’s chart shows ZEC pressing into a supply zone between $400–$420, with further resistance at $450 and $520–$550.

Analyst Pufi’s chart projects a path toward $447, with indicator-based support near $340 and deeper support around $290.

Support levels to watch sit at $370 first, then $340–$350. ZEC has been printing higher lows since bouncing from the low $300s.

ZEC traded near $394 in short-term charts, continuing to press against the $390–$400 resistance band.

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