Zcash Surges 15%: Is $615 on the Horizon for ZEC?

Zcash has seen a remarkable 15% increase in value as of December 27, igniting excitement among cryptocurrency investors. This surge occurs amidst a generally sluggish market, marking an interesting shift in interest toward ZEC.

Key Takeaways

Zcash's price jumped by over 15%, with trading near the $510 mark.
Increased trading volume of 45% indicates strong investor interest in ZEC.
The rise is attributed to growing demand from large investors (whales) and new trading patterns.
ZEC has broken out of a descending trend, with potential price targets hitting $615.
Critical price levels to watch are $490 for maintaining bullish momentum.

Zcash Surges 15%: Is $615 on the Horizon for ZEC?

Zcash Experiences Significant Price Increase

On December 27, Zcash recorded a notable 15% price increase, capturing the attention of crypto enthusiasts. This surge suggests a potential for significant price growth, even as the wider cryptocurrency market struggles to gain traction, with Bitcoin and Ethereum posting minor increases of 0.16% and 0.25% respectively.

According to TradingView, Zcash (ZEC) has surged by more than 15.05% within the last 24 hours, reaching near the $510 level during the reporting period. The asset has seen a strong influx of investor interest as trading volume jumped 45%, totaling $665 million. The increase in trading volume along with the rising price indicates that market participants are keen on ZEC's current momentum, contributing to a bullish sentiment.

What’s Driving Zcash's Price Increase?

Several key factors are fueling Zcash's upward trend, including a rise in demand from larger investors, significant long-leverage positions taken by traders, and a recent breakout that signals potential for considerable price gains.

Data from the on-chain analytics platform Nansen reveals that the top 100 ZEC holders have boosted their holdings by 48.22% over the past 30 days, reinforcing the asset's positive long-term outlook. Despite this bullish sentiment, ZEC's price movements during this period remained relatively flat.

Zcash (ZEC) Top 100 Holders

Source: Nansen

In addition to the long-term interest in ZEC, real-time trading patterns show strong backing from intraday traders. According to CoinGlass, buyers have been dominating the market recently, with trading positions showing an imbalance favoring long positions of $18.33 million against short positions of $4.73 million. This suggests a strong belief in ZEC's upward trajectory.

ZEC Exchange Liquidation Map

Source: CoinGlass

ZEC: Price Movement and Key Levels to Monitor

As analyzed by AMBCrypto, ZEC's recent 15% price surge has seen it successfully break out of an ascending triangle pattern illustrated on the daily chart. This breakout ends a prolonged bearish trend that had persisted since mid-November 2025.

ZEC Price Action

Source: TradingView

Considering the current price movements and historical trends, ZEC may maintain its upward momentum and aim for $615, assuming it can close a daily candle above the critical level of $490. However, if it fails to secure this closing, the bullish outlook would be compromised.

Conclusion

In summary, Zcash's recent price surge is indicative of a strong market response, driven by substantial buying interest from both large holders and traders. The next few days are crucial for ZEC's potential price movements as it aims to sustain its upward trajectory.