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Zcash price confirms bullish Adam and Eve pattern, targets rally above $900

Zcash has continued its strong rebound, recently confirming a classic ‘Adam and Eve’ pattern on its weekly price chart. Analysts are now predicting a potential surge in price, possibly reaching $900.

Summary

  • Zcash price surged more than 110% in a month after confirming a bullish Adam and Eve breakout pattern, with traders targeting a potential rally toward $929.
  • Grayscale’s spot Zcash ETF filing, the SEC’s closure of its Zcash investigation, and shrinking liquid supply boosted institutional and retail demand for ZEC.
  • CoinGlass data showed dense short-liquidation clusters between $680 and $700, while analysts warned the token remains heavily overbought near current levels.

Zcash (ZEC) has seen a significant price increase recently, jumping over 110% in the last month. On May 22nd, it briefly reached $682 before settling back to around the $600 mark. Since the start of the year, its price has more than doubled, increasing by over 245%, which is a better performance than most other major cryptocurrencies.

The recent price increase was driven by a few key factors: eased regulations, increased buying from large institutions, and the forced closing of short positions. Specifically, the U.S. Securities and Exchange Commission concluded its investigation of the Zcash Foundation without taking any action, which removed a major concern for investors in privacy-focused cryptocurrencies like Zcash.

On May 12th, Grayscale took a significant step towards wider acceptance of Zcash by applying to the SEC to turn its Zcash Trust into a Zcash exchange-traded fund (ETF) that would be listed on the NYSE Arca. This move puts Zcash in a select group of alternative cryptocurrencies seeking official, regulated ETF status in the U.S., as investment firms look to offer more than just Bitcoin and Ethereum products.

Arthur Hayes recently revealed that Zcash is now his second-biggest cryptocurrency investment, after Bitcoin. This, along with public support from figures like Raoul Pal and Multicoin Capital, has sparked talk that institutional investors may start putting more money into privacy-focused crypto projects. This interest comes after a long period of unclear regulations surrounding cryptocurrencies that enhance anonymity.

Remember the $ZEC target is 10% of $BTC‘s price. We got a lot of pamping to go.

— Arthur Hayes (@CryptoHayes) May 6, 2026

As Zcash’s price increased, its available supply decreased significantly. Data shows over 30% of all Zcash in circulation – about 5.18 million coins – was moved to special, privacy-focused accounts. This drop in the amount of Zcash available for trading made price increases even more dramatic when demand rose and broke through important price barriers.

Foundry USA began officially supporting ZEC mining, which strengthened the network with large-scale mining infrastructure and more reliable computing power. At the Consensus Miami conference, the Zcash Open Development Lab also introduced early versions of wallets designed to be protected against attacks from future quantum computers, as part of a larger effort to improve the network’s security.

Adam and Eve breakout structure projects move toward $929

Zcash’s price charts are now indicating a classic “Adam and Eve” bottom pattern, confirmed after it moved above the $560 level. This pattern began forming after a steep drop to around $190 earlier in the year, and then transitioned into a period of gradual price increases throughout March and April.

Based on the current chart pattern, analysts predict a potential price increase to around $929, which would be about a 50% jump from where the price is now. This target is calculated by measuring the pattern’s initial price swing and then projecting that same distance upward from the point where the price breaks through a key resistance level.

The chart indicates ZEC has broken above the Supertrend indicator, turning positive around $314 earlier this quarter. Even after recently failing to reach higher prices, the price remains comfortably above that $314 level.

Technical indicators suggest a continued upward trend. The weekly MACD shows increasing positive momentum, and its line staying above the signal line typically signals that the price is likely to keep rising, rather than hitting a peak after a recent breakout.

Trader Ardi believes Zcash is showing strong signs of recovery, calling it one of the best performing cryptocurrencies currently. He noted that the price recently bounced back sharply, reaching around $680. Ardi predicts that if the price can break through and hold above this level, it could climb even further, potentially reaching $740.

ZEC is showing potential for continued upward movement. It remains one of the strongest charts currently, demonstrating a solid recovery. The price has completed a full V-shaped rebound, reaching the $680 range after successfully recovering from its previous downturn.

— Ardi (@ArdiNSC) May 24, 2026

Liquidation clusters and whale positioning tighten around $700

CoinGlass data reveals a high concentration of leveraged positions between $680 and $700. Over the past week, this range saw significant liquidations, particularly for those betting against the price (short positions).

If the price breaks past this resistance level, it could cause a rapid increase like we saw earlier this month, potentially wiping out over $55 million worth of bets against it in a single day.

Significant buying pressure is building around the $570 and $560 price levels, which are also near a crucial technical area suggesting a potential price rebound. Traders will likely be watching these levels closely, looking for opportunities to buy if the price of ZEC decreases further.

According to Lookonchain, a trader made a risky move by opening a new short position on Bitcoin with 40x leverage – a bet worth over $40 million. At the same time, they already held a long position in Zcash worth around $33 million. Recently, the value of their Zcash investment temporarily dropped by nearly $1.9 million due to a market correction.

Okay, so I’m watching this trader, Evaded, and things are getting interesting. He’s re-opened a big short position on Bitcoin – betting around $40.32 million that the price will fall. If Bitcoin hits $77,413.63, he’ll get liquidated on that trade. On top of that, a long position he has on Zcash, worth about $32.92 million, is currently down $1.87 million. It’s a risky play all around, and I’m keeping a close eye on it to see how it unfolds.

— Lookonchain (@lookonchain) May 26, 2026

As the price of ZEC has increased, so has trading activity in ZEC-based derivatives. Recently, several platforms offering perpetual futures contracts saw unusually high funding rates, indicating many traders were buying ZEC, anticipating the price would continue to rise and reach new highs.

After a period of selling sparked by exchange-traded fund activity, Bitcoin has settled around $77,000. This has allowed investors to shift their focus back to riskier, alternative cryptocurrencies – often called altcoins – like Zcash and Solana, particularly those emphasizing privacy. This renewed optimism in the crypto market has helped altcoins that were already showing positive price movements continue to climb.

Traders are closely watching upcoming reports on U.S. inflation and the job market. Recent swings in Treasury yields have already affected crypto, and new economic data suggesting the Federal Reserve might cut interest rates in the future could boost investment in cryptocurrencies, especially altcoins, and improve overall market conditions.

Oil prices dropped this week as news emerged that the U.S. and Iran are continuing talks about shipping in the Strait of Hormuz. This news calmed worries about rising costs around the world and boosted confidence in investments considered riskier, such as cryptocurrencies and alternative coins like Zcash.

After a significant 245% price increase from its lowest point this year, ZEC is now showing signs of potential pullback. Recent weekly price charts feature longer upper wicks near the $680 resistance level, indicating that some traders are selling to realize profits. Despite this, there’s still a large number of traders holding leveraged positions in the futures market.

According to analyst Skinny, Zcash is currently being overbought, meaning its price has likely risen too quickly. While it might still reach its previous high of around $740, it’s expected to fall in value once it hits that level.

Okay, so as a crypto investor, here’s how I’m looking at it: if Bitcoin can’t hold above $560, things could get tricky. It might mess up the current upward trend and we could see a drop back down to around $500. If it falls *below* that $500 mark, the pattern I was watching – an ‘Adam and Eve’ setup – would probably be broken, and a lot of leveraged positions could get wiped out, causing another sell-off.

As a researcher, I’m currently observing that Zcash is holding steady above a crucial price level. Several factors are drawing attention to its potential for further gains, including a decreasing supply of available coins, growing interest from institutional investors, and a significant number of traders betting against it. These conditions suggest a possible move towards the $900 price point.

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2026-05-26 15:38