Key notes
- ZEC has climbed above $500, reaching levels last seen in January 2018.
- The market capitalization jumped by $8.46 billion, placing ZEC among the top 20 cryptocurrencies.
- One trader got $2.7 million in unrealized profits amid the rally.
As the broader crypto market continues to recover from this week’s pullback, Zcash
ZEC
$551.7
24h volatility:
11.6%
Market capitalization:
$9.11 billion
Flight. 24h:
$4.39 billion
stole the show by crossing the key psychological level of $500. The privacy-focused cryptocurrency is currently trading near $514, up about 20% in the past 24 hours.
This is the first time ZEC has reached these levels since January 2018. This follows a consistent uptrend in the cryptocurrency throughout October, despite global market volatility.
During the last 30 days, The ZEC jumped more than 250%, adding approximately $5.7 billion in market capitalization. With its latest rebound, its total market value now stands at $8.46 billion, enter the list of the top 20 cryptocurrencies in the world by market capitalization.
According to on-chain data from Lookonchain, an anonymous trader created a new wallet earlier this week and went all-in on ZEC. The trader’s long position of 32,000 ZEC, valued at approximately $16.3 million, now sits on an unrealized profit of approximately $2.7 million.
Someone created a new wallet (0x96ea) 3 days ago and continued FOMO for a long time $ZEC – now sitting on $2.7 million in unrealized profits.
Position: 32,000 $ZEC($16.3 million).
Clearance price: $373.13 pic.twitter.com/d0HE4CgvcJ– Lookonchain (@lookonchain) November 6, 2025
Notably, the ZEC price surge coincides with massive activity in Zcash’s PoW system. The network’s hashrate recently reached an all-time high of 12.53 GS/s. Analysts estimate that growth network adoption could increase the price of ZEC, making it one of the best cryptocurrencies to buy.
ZEC Price Outlook: Extended Rally or Coming Exhaustion?
On the daily chart, ZEC is currently around the upper Bollinger band. This is a sign of strong bullish momentum, but also a potential warning of overheating in the short term.
In case of a price decline, immediate support is near $450, ffollowed by stronger support around the middle band (20-day SMA) between $390 and $400.
ZEC Price Chart with RSI and Bollinger Bands | Source: TradingView
Meanwhile, the RSI has climbed above 70, generally signaling overbought conditions. However, if the bullish demand continues, analysts expect the next resistance zone to be between $550 and $580, with a potential breakout leading to $620 or higher.
🚀 $ZEC exceeded our price target by $500 — new target is $800 by the end of the year! 🔥
Read more 👇
– CoinCodex (@CoinCodex) November 6, 2025
Market analysis firm CoinCodex noted on X that ZEC surpassed its initial target of $500 and increased its year-end projection to $800.
$ZEC buy was one of the best calls on this page in a while, over 20x earnings
if you purchased with me, consider taking profit and moving on to other good pieces
NEVER MARRY YOUR BAG, EVER. pic.twitter.com/O6emLWgcMU
– $0 uL (@spetsnaz_3) November 6, 2025
While ZEC outlook remains optimisticMany agree that the recent rise could soon prompt a round of profit-taking ahead of the next rise. Popular analyst Soul advised investors to secure their profits if they get in early, adding: “Never marry your bag.”
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article is intended to provide accurate and current information, but should not be considered financial or investment advice. Because market conditions can change quickly, we encourage you to verify the information for yourself and consult a professional before making any decisions based on this content.
A crypto journalist with over 5 years of industry experience, Parth has worked with leading media outlets in the crypto and finance world, gaining experience and expertise in the field after surviving both bear and bull markets over the years. Parth is also the author of 4 self-published books.
Parth Dubey on LinkedIn
