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Zcash Pulls Back 20% as Traders Assess Strength of Recent Rally

Published by
Nidhi Kolhapur

Zcash has fallen roughly 20% from its recent peak after a rally that saw the token gain more than 1,000% from lows below $70 in late 2025. The surge was supported by institutional accumulation, including purchases by Multicoin Capital, and public endorsements from Naval Ravikant and Arthur Hayes. A reported $38 million short position placed near the top has become profitable as prices retraced, fueling debate over market structure and liquidation-driven volatility. Supporters point to Zcash’s zk-SNARKs privacy technology and increasing network hashrate, while critics question long-term adoption. Traders are closely watching the $500 level as a key support zone.

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Nidhi Kolhapur

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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