Zcash (ZEC) jumped over 30% in 24 hours on April 8, 2026, reaching a high of $336.50. That is its highest price since January. The move made ZEC one of the top-performing cryptocurrencies of the day.
The rally came after President Donald Trump announced a two-week ceasefire between the United States, Israel, and Iran. The news eased geopolitical tensions and sent risk assets higher across global markets.
Bitcoin climbed past $72,000 during the same period. The total crypto market cap grew by 4.6% in 24 hours. Ethereum and XRP also posted gains.
Privacy coin rivals also moved higher, but ZEC led the group. Monero (XMR) gained 3% and Dash (DASH) rose 8%.
Zcash’s shielded pools also reached a record on April 8. The value of ZEC held in shielded pools hit $5.18 billion, representing 31.14% of the total circulating supply. Shielded pools are a privacy feature that hides transaction details.
The Zcash Open Development Lab recently raised $25 million from major venture capital firms. That fund is intended to support ecosystem growth going forward.
The Relative Strength Index (RSI) reached 87 on the 4-hour chart, placing ZEC in overbought territory. The MACD remains positive, suggesting short-term momentum is still strong.
Zcash $ZEC appears to be breaking out of a descending triangle, suggesting a rally toward $440. pic.twitter.com/jgZfteGIza
— Ali Charts (@alicharts) April 8, 2026
A key resistance level sits near $370, which lines up with a descending trendline and the 0.5 Fibonacci retracement level. If ZEC breaks above that, the next target is $400.
If it fails to break the trendline, analysts point to a pullback toward the $197–$200 support zone. The current chart pattern resembles a setup seen in 2021, when ZEC peaked near $392 before entering a prolonged bear cycle.
Binance’s ZEC/USDT liquidation heatmap shows about $50.56 million in long positions clustered below the current price. If ZEC drops below $260, those positions could be wiped out.
In comparison, only $3.81 million in short liquidations sit above $380. The imbalance suggests the market is more exposed to a downside move than an upside one.
The $305–$306 price range holds the largest single liquidation pocket, with around $1.76 million in leveraged positions concentrated there.
As of April 8, ZEC was trading near $318, up from lows earlier in the week.
The post Zcash (ZEC) Price: US-Iran Ceasefire Triggers Sharp Rally in Privacy Coin appeared first on CoinCentral.
