ZEC continues to defy the broader market trend, breaking its previous May 2021 all-time high and fuelling a growing number of bullish Zcash price predictions.
Despite the prolonged U.S. government shutdown and renewed fears of slowing economic growth weighing on sentiment, the altcoin is up 57% on the week
The Privacy coins narrative has found relevance in this institution-led market cycle: Institutional use-cases need rails that offer privacy, yet are compliant with selective disclosure.
Backing from key opinion leaders has also fuelled momentum when most projects have gone quiet, amplifying attention around privacy coins as the “meta” narrative.
With it, however, the scales may have tipped towards speculation. The total shielded supply of ZEC has plateaued since October 23, while the ZEC price has gained 140%.
Total supply of shielded ZEC. Source: zkp.baby.The latest wave has seen a behavior shift: new entrants are no longer opting to shield and hold. Market euphoria may be outpacing real adoption.
Zcash Price Predictions: There’s Still Room to Run
Despite the risk of sell-side volatility from weaker hands, the breakout of a year-long symmetrical triangle pattern could still extend higher if key supports hold.
ZEC / USDT 1-day chart, symmetrical triangle breakout. Source: TradingView.The $500 level remains a critical psychological level as a likely take-profit zone. Particularly as momentum indicators reveal cracks in the uptrend.
The RSI has surged back into deep oversold territory at 84, often a sign of seller exhaustion that marks local tops.
The MACD histogram paints a similar picture, reflecting short-term speculative euphoria over steady accumulation with its second-widest lead above the signal line since 2017.
A short-term correction now seems the more likely next move, potentially shaking out weak hands and allowing profit-taking to strengthen the broader uptrend.
The Zcash price may be in need of another major catalyst for a 2x move to $1,000, however, such as another outlet for institutional demand like the Greyscale Zcash Trust.
SUBBD: Another Narrative to Watch Out For
As regulation spotlights narratives based on real-world utility, like privacy coins, yet again, platforms like SUBBD ($SUBBD) are gaining traction.
Positioned as an AI-powered content platform, SUBBD is redefining the $85B subscriber economy by giving creators true ownership and fans genuine access.
By cutting out the middlemen, SUBDD puts control back in the hands of those who create real value. Creators can monetize directly, while fans gain access to exclusive content, early releases, and meaningful interactions through token-gated perks.
The concept is already gaining traction. The presale has nearly reached $1.3 million, as investors back the shift toward a decentralized creator economy.
With SUBBD, both sides of the community win — creators earn more, and fans get closer while embracing the decentralization use cases crypto was built for.
Visit the Official SUBBD Website HereThe post Zcash Price Prediction: ZEC Hits Highest Level in 7 Years – Can it Double Again? appeared first on Cryptonews.
