
The Zcash price has extended its explosive rally, with the buyers now turning their attention toward the $1,800 level. The latest move gained momentum after fresh developments boosted sentiment around the privacy-focused crypto. The latest fundamental developments, like Paradigm co-founder disclosure and Zcash’s NU7 upgrade, added momentum to an explosive rally. Derivatives have also been supporting the bullish momentum, and hence the major question is now whether the momentum will drive the rally to $1800.
Zcash gained fresh attention after Paradigm co-founder Matt Huang disclosed that the investment firm owns ZEC. Hung described Zcash as a private complement to Bitcoin, highlighting its focus on financial privacy. The disclosure came as ZEC was already experiencing strong buying pressure.
The market reacted quickly, with the ZEC price climbing sharply above the $1500 level, increasing attention around institutional interest in Zcash. However, the disclosure does not represent a newly announced ZEC purchase but confirms holding exposure to the crypto. The timing still matters for the XEC price rally, as this arrives alongside the NU7 upgrade and a broader crypto market rebound.
Zcash’s upcoming NU7 upgrade has become another major catalyst behind the latest ZEC rally. The upgrade is set to target 25-second blocks, down from the current 75-second interval, which could reduce confirmation times and improve the network’s transaction experience. The developers have set October 06 for the testnet activation and November 05 as the current mainnet target.
The NU7 plan also integrates the Network Sustainability Mechanism while preserving Zcash’s halving schedule. Reintroduction of the previously removed supply would begin in February 2031 under the selected approach. With the upgrade moving toward deployment, this could act as a major catalyst to boost the ongoing rally.
Zcash trades within a rising channel after its latest breakout, with the price reaching a high near $1,530. The chart shows ZEC trading around $1,482, while the broader structure continues to favour higher prices. However, the derivatives market now provides an important signal as the aggregated open interest has climbed to $2.32 billion, reaching its highest level on the chart.
Besides, aggregated futures CVD has risen to 5.78 million, while spot CVD has recovered sharply from its August lows, showing sustained buying pressure across the futures and spot markets. On the other hand, liquidations have also increased during the recent advance, with $4.11 million in long liquidations and $968K in short liquidations. This combination suggests rising leverage and strong futures participation are supporting the rally.
ZEC’s latest breakout keeps $1,800 as the next major upside level, while the token remains within a rising channel after breaking above $1,500. The derivatives market shows strong participation, but rising leverage can increase volatility if buyers lose control. Therefore, a sustained move above $1,500 would keep the bullish structure intact; from there, $1800 becomes the next major target before $2000.
Therefore, the $1,500 zone is crucial and holding above the range could keep up the upswing, while a failure could trigger a consolidation.
USD/JPY nearly hit 158 even after the Bank of Japan raised rates by 25 basis…
XRP treasury firm Evernorth Holdings has secured a $30 million convertible-note commitment from South Korea’s…
A rare chart pattern in XRP's history is pointing to a number that sounds almost…
Story Highlights Bitcoin is currently trading at: Bitcoin holds strong near $70K in 2026, signaling…
Not the banks. Not the stablecoin rewards fight everyone was watching for months. In his…
Story Highlights The live price of the Near Protocol token is . Price predictions for…