Zcash surges 190% in a month after briefly topping 10-year high

  • Zcash briefly topped $1,500 and continued a multimonth rally.
  • 190%: ZEC’s one-month gain, with trading near $1,470, CoinGecko showed.
  • Lookonchain said an $18.3 million short position faced liquidation near $1,551.

Zcash has briefly exceeded $1,500, described as a 10-year high, and trades at roughly $1,470, according to CoinGecko, after gaining 190% in one month. The rally has drawn increasingly bullish forecasts, with X user Scient saying ZEC is in price discovery and could climb above $5,000 if Bitcoin reaches a new all-time high. Ali Martinez said momentum remains strong and identified $1,800 as his next target, after first turning bullish when ZEC traded near $820 toward the end of August. X user Picolas Cage projected a possible move to $14,000 and said the forecast was not sarcastic. Crypto with Harris ₿ took the opposite view, disclosing a $100,000 short position and warning that continuous gains from $500, high open interest, fear of missing out, and a rally partly driven by short liquidations could leave ZEC vulnerable to a correction. Lookonchain said a trader with 26 consecutive winning trades, an 89% win rate and more than $9 million in profits had opened an $18.3 million short position and was down $7.66 million, with liquidation near $1,551. The competing forecasts highlight the market's sharp divide over whether Zcash's privacy narrative and fundamentals can support further gains or whether positioning has become too crowded.

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