Zcash (ZEC) Soars Above 7% with Bullish Reversal Indication

Key Highlights

• On December 24, Zcash witnessed a surge of approximately 7%, climbing to $447 ahead of Christmas Day
• After recent drops, ZEC rebounded above major support, with its recovery in RSI from oversold territory 
• This surge comes after the optional privacy feature and the recent Zebra upgrade

While the entire cryptocurrency market is facing turmoil, Zcash has surprisingly witnessed upward momentum, soaring over 7% on a daily chart. At the time of writing, the cryptocurrency is trading at around $440.84 with a market capitalization of $7.25 billion, according to CoinMarketCap.

Data reveals that trading activity remains high with $625 million in trading volume in 24 hours, which shows steady interest even during the holiday period. 

Zcash Surges Despite Turmoil in the Cryptocurrency Market

The strong position of ZEC makes it a leading privacy coin, which is supported by its usecase of its main feature, such as private transactions. These private transactions are powered by advanced technology called zk-SNARKs. 

These are ZEC tokens held in completely private addresses. They have now reached an all-time high of over 30% of the total supply. This means approximately 4.9 to 5 million ZEC are held with full privacy. Data shows a sharp jump from 29% to 31% in just the past day. This shows rapid growth in demand for financial privacy, which likely came from growing concerns over surveillance and regulatory compliance across the world. 

This has become a major trend throughout 2025. 

Technical Indicators Suggest a Potential Recovery in ZEC

According to experts, Zcash is showing a strong sign of positive recovery on Christmas Day. After falling below a major average price level earlier in the week and losing support at $430, ZEC has now recovered above $440. This could form a higher low, which shows a bullish sign.

The Relative Strength Index (RSI) is now in a neutral zone around 45 to 50. This is a recovery from being deeply oversold below 30 during recent price drops, which suggests that the heavy selling pressure may be easing. 

Another indicator, the Moving Average Convergence or MACD, is showing a bearish signal earlier in December. However, today’s surge in the price shows a contradictory momentum. 

According to the analysis, major price levels to monitor are immediate support at $403 and $405, which was the recent low. If the cryptocurrency holds above this level, this area could provide additional fuel to surge above the $442 resistance level, with a short-term target of $500. 

On-chain data shows that the top 100 largest Zcash holders increased their combined holdings by 2.7% during recent price dips, which provides a strong foundation against additional drops. 

At the time of writing this, major cryptocurrencies like Bitcoin and Ethereum are going through major consolidation phases. Bitcoin is trading at around $87,000 with minor pullbacks, and the total market has seen small outflows. Privacy coins as a group face challenges from ongoing regulatory debates. 

However, a friendly regulatory environment for crypto in the United States after the elections and filings like asset manager Grayscale’s proposal for Zcash have eased some concerns.

Zcash has a model of optional privacy, where users can choose a transparent or a shielded transaction. This can woo those institutions that are looking for privacy tools that can still operate within regulatory frameworks. 

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