Zcash price forecast as ZEC extends gains above $200
Zcash has gained 9% to over $215 but is facing resistance and could drop hard. The altcoin rallied as Bitcoin bounced back at $69,000 on Monday. The privacy coin narrative and venture funding helped fuel ZEC's revival.
Zcash (ZEC) is up nearly 9% after rallying from recent lows, placing it among the top 100 cryptocurrencies by market capitalization.
The privacy-focused coin tested resistance above $215.
Sentiment improved after Bitcoin rose above $69,000, helping to lift the broader market.
ZEC has been joined by other privacy-focused tokens, including Tornado Cash, Oasis Network, and Dash.
Monero (XMR) also posted gains, with the token up nearly 3% in the past 24 hours.
What can help Zcash price rise?
While the broader market recovery favors Zcash (ZEC), other factors may be contributing to the stock's recent resurgence.
ZEC appears to be gaining ground in a new report released by the United States Treasury Department, which acknowledges that cryptocurrency privacy tools like token mixing can serve legitimate purposes.
The report states that such devices can be used for “legitimate financial privacy purposes”, which marks a change in tone from the previous official positions regarding the mixer and other privacy-focused technologies.
“Legitimate users of digital assets can use hybrids to enable financial privacy when transacting through public blockchains,” the Treasury said in a report to Congress.
The token has also benefited from ecosystem developments.
The team behind the new Zcash-powered mobile wallet recently secured $25 million in funding from several venture capital firms active in the digital asset sector.
Zcash Open Development Lab (ZODL) has received over $25 million in funding from 16z, Paradigm, Winklevoss Capital, Coinbase Ventures, Cypherpunk Technologies, Maelstrom (Arthur Hayes Family Office), Chapter One, David Friedberg, Haseb Qureshi, Mert, Balaji and others.
If you are… pic.twitter.com/PyisPQLWVJ
— Josh Swihart 🛡 (@jswihart) March 9, 2026
According to Zodel, the endorsement reflects “strong investor confidence” in hedged ZEC transactions.
Players involved in the funding include Paradigm, a16z crypto, Winklevoss Capital and Coinbase Ventures.
Others were Cypherpunk Technologies and Arthur Hayes' Family Office Maelstrom.
Josh Swihart, CEO of Zcash developer Electric Coin Company (ECC), founded Zoodle (formerly Zashi) in 2024.
Zcash Price: Drop or Drop Below $175?
Zcash (ZEC) was one of the prominent performers in the privacy-focused crypto market segment in 2025.
The token rose from around $50 in September to a peak of $700 in mid-November.
However, the gains became difficult to sustain when the broader market was low.
As Bitcoin tumbled and the broader crypto market followed suit, ZEC pulled back sharply and fell below $220.
The token fell to around $184 on February 5, 2026, during a broad market selloff associated with the withdrawal of major developers from Electric Coin Company (ECCC).
Following the sharp decline, ZEC is currently down about 58% year-to-date.
Zcash price chart by TradingView
The daily chart shows that Zcash (ZEC) has bounced back from a key support level near $200.
If the upward momentum strengthens, the token may test the first resistance in the $290-$300 range, which may move towards $400 if the buying pressure continues.
The Relative Strength Index (RSI) has turned higher around the 50 level, suggesting continued bullish momentum.
However, the moving average converging divergence (MACD) indicates weakening bullish strength, which may give sellers an opportunity to push the price back to recent lows.
On the downside, if bearish pressure intensifies, ZEC may decline to levels seen at the end of October 2025.
A critical close below $175 could open the door to further losses, with the next key support level around $120.
