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- Zcash has dropped about 6% in the past 24 hours as bulls fail to rebound above $420.
- The privacy coin led the cryptocurrency market as Bitcoin floundered.
- $ZEC may benefit amid broader adoption in 2026.
Zcash price has experienced significant turbulence in the past weeks, rising to highs of $744 in November before plummeting to $313 in early December 2025.
While bulls managed to rebound to above $450, the latest downturn has it hovering around $417 as bears show conviction at the $420 mark.
Broader market pressures on privacy-focused coins, which also saw the Midnight token nosedive 25%, have $ZEC at risk of further losses.
Zcash drops to $410 amid fresh losses
Zcash has recently attracted a lot of attention as the privacy-centric cryptocurrency makes a case for itself with shielded transactions.
That outlook, amid catalysts such as digital asset treasuries and exchange-traded fund filings, helped $ZEC price jump to above $744 in November.
However, the token has seen its value dip sharply to $410 in the latest trading session.
This marks a notable decline in the past month, and today’s slump moves bulls further away from the $450 mark. $ZEC has dropped by about 5% in the past 24 hours.
The price breach below key support levels, such as $420, has intensified bearish pressures.
Zcash price outlook: Grayscale in 2026
Recently, Zcash briefly neared the psychological $500 level amid optimism around privacy enhancements and institutional interest. But as seen on the chart below, sellers are looking to regain control as short-term momentum fades.
While short-term bears dominate, long-term adoption in financial privacy could propel $ZEC higher, contingent on market stability and innovation.
According to Grayscale, privacy is one of the key market themes to watch in 2026 and Zcash stands to play a key role amid broader crypto integration into the financial system.
Grayscale wrote in its 2026 Digital Asset Outlook: Dawn of the Institutional Era report.
“If public blockchains are going to be more deeply integrated into the financial system, they will need much more robust privacy infrastructure — and this is becoming obvious now that regulation is facilitating that integration. Potential beneficiaries from investor focus on privacy may include Zcash ($ZEC), a decentralized digital currency akin to Bitcoin with privacy-preserving features.”
Bullish projections for $ZEC in the next 12 months have $1,000 as the base case scenario. Bulls reclaiming this level could allow for a bullish run to $2,000.
However, the all-time highs seen in 2016 may be a major ask, particularly if broader market conditions do not offer the tailwinds required.
$ZEC has seen over $588 million traded in the past 24 hours.