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Zcash Soars Amid Privacy Upgrades, Whale Accumulation, and Bullish Momentum

Zcash improved privacy and usability in November 2025 via the Q4 roadmap of the Electric Coin Company by means of temporary translucent addresses, receive address rotation, and hardware wallet P2SH multisig support. While shielded holdings increased 15% to 4.96 million ZEC, the Zashi Wallet made shielded ZEC transactions through NEAR Intents on November 16. Protocol improvements like the Orchard Shield Pool, Halo Proving system, and Zashi Cross-pay for private cross-chain payments highlighted ecosystem growth. Market uncertainty over the halving event resulted from Galaxy's prediction for November 2028 contradicting early reports expecting a 50% block reward cut in November 2025.

With coordinated purchasers on Binance collecting more than $30 million in ZEC through major spot purchases, including clusters of roughly 2,200 ZEC (around $1.2 million each) on November 11, whale activity grew. In derivatives, whale 0x6EF9 profited $1.25 million from long positions on Hyperliquid during the rise, while 0x089f deposited $3.54 million USDC for perpetual futures. On the other hand, one whale sold 30,000 ZEC ($960,000) on November 10 amid 46% unrealized losses at a $420 liquidation price. Reflecting increased conjecture, Grayscale Zcash Trust's $137 million in assets under management accompanied a 19.55% rise in futures open interest to $1.11 billion.

 

ZECUSD gained more than 75% in the past 4 days. The pair holds above the short-term (34 and 55 EMA) and the long-term moving average in the 4-hour chart. It hit an intraday high of $739 and is currently trading around $722.98.

 

The bullish invalidation can happen if the pair closes below $425. On the lower side, the near-term support is $660.Any close below targets $600/$520/$430.

 

 The pair's near-term resistance is around $750. Any breach above confirms minor bullishness. A jump to $830/$900/$1000 is possible. A surge past $1000 will take it to $1200.

It is good to buy on dips around $660 with SL around $488 for TP of $1000.

 

 

 

 

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