Can Zcash Price Break Past $40 Resistance?

Zcash (ZEC), the privacy-focused cryptocurrency, is currently trading at $37.06, recording a 13.91% gain over the past 24 hours. The coin has seen a modest 0.22% uptick in the last hour, supported by a substantial 24-hour trading volume of $102.8 million.

Read Zcash Price Prediction For More Detailed Insights

With a circulating supply of 15.88 million ZEC and a max supply of 21 million, the token remains far below its historical all-time high. Notably, current data also lists the ZEC price at $40.48 as of April 10, 2025, reflecting the token’s volatile movement and a rebound from recent lows.

From a technical standpoint, ZEC’s 50-day SMA sits at $35.04, suggesting growing short-term bullish momentum. However, the 200-day SMA of $42.61 remains a key resistance level that bulls must flip to regain long-term strength.

Market sentiment is leaning bullish, with Zcash holding a positive sentiment score of 81.82% and 74,655 users keeping it on their watchlist. Influencers like @AkaBull_ and @crypto_doctor have expressed optimism, pointing to a bullish falling wedge pattern and a 12-hour candle breakout, fueling predictions of a rally toward $66.

Also Read: IOTA Price Prediction 2025, 2026 – 2030

However, the surge hasn’t gone unchallenged. Bearish indicators are creeping in, with open interest jumping 35% and funding rates turning negative at -0.17%, hinting at rising short positions and trader caution. This suggests that while bullish narratives dominate, a portion of the market is preparing for a correction.

Bottom Line: ZEC is at a technical and psychological crossroads. Short-term trends favor bulls, but growing short interest and macro uncertainty could stall momentum. Traders should watch closely for a breakout above $43 or signs of a rejection near the 200-day SMA.