Zcash (ZEC) price has been on an impressive upward trajectory, increasing by more than 10% in the past 24 hours. This surge follows a remarkable 50% rally over the past week, with ZEC hovering around the $400 level. With such a positive mood, analysts are eyeing further gains and the market is likely to continue rising in the coming days.
Although Zcash has shown strong performance; bitcoin priceEthereum (ETH), Binance Coin (BNB), and Dogecoin (DOGE) are experiencing moderate growth.
of TAO priceamong the best performers, witnessed a significant rally of over 20% in recent trading. However, the majority of altcoins have only recorded modest gains during the same period.
Here’s why Zcash price is rising today
Zcash price has increased significantly in the past 24 hours. This was caused by many influential factors. Smaller squeezes also play a role, as more than 65 million ZEC futures have been liquidated, most of it through short positions.
As of November 1, about 65% of traders were shorting ZEC, and rising prices triggered further liquidations, sparking further profits. This, coupled with the impending November 2025 halving, which will reduce mining rewards to between 1.5625 and 3.125 ZEC per block, has strengthened the bullish stance.
In addition to this, celebrity endorsements such as Arthur Hayes’ $10,000 price target on ZEC are increasing social media FOMO and luring retail investors. The market is currently converging on a clearing level of $581.43, and a break above it will trigger a series of buybacks and further upside.
Zcash price surge suggests bullish upside potential
of Zcash price As noted by cryptocurrency analysts in a recent chart, it has soared 50% since breaking out of its triangular shape. Following the breakout, prices rose significantly, indicating that strong bullish momentum exists in the market.
Analysts also noted that Zcash is about to enter another bull market and is likely to reach new all-time highs. With the tide heading in the right direction, ZEC price is expected to continue rising over the next few weeks, and most people are eagerly awaiting its price.
$ZEC #ZECUSDT +50% profit since triangle upside breakout..🔥📈 pic.twitter.com/M5J3rX79o5
— Captain Faibik🐺 (@CryptoFaibik) November 1, 2025
Momentum builds, Zec price hits $500 target
Latest ZEC price has shown a steady rise and is currently trading at $417. The relative strength index (RSI) is 64, indicating that ZEC is approaching the overbought zone. The Chaikin Money Flow (CMF) is 0.24, indicating that the market is under buying pressure, and the market may move higher.
If the ZEC price manages to break through the key resistance level around $420, the next resistance level could be at $500. The support level is in the $400 zone, but a break below this level could signal a correction.