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Key Highlights
- On December 24, Zcash witnessed a surge of approximately 7%, climbing to $447 ahead of Christmas Day
- After recent drops, $ZEC rebounded above major support, with its recovery in RSI from oversold territory
- This surge comes after the optional privacy feature and the recent Zebra upgrade
While the entire cryptocurrency market is facing turmoil, Zcash has surprisingly witnessed upward momentum, soaring over 7% on a daily chart. At the time of writing, the cryptocurrency is trading at around $440.84 with a market capitalization of $7.25 billion, according to CoinMarketCap.
Zcash will reach new highs in January and you’re sidelined? pic.twitter.com/aegVdqengW
— Ledger 🇺🇸 (@ledgerstatus) December 24, 2025
Data reveals that trading activity remains high with $625 million in trading volume in 24 hours, which shows steady interest even during the holiday period.
Zcash Surges Despite Turmoil in the Cryptocurrency Market
The strong position of $ZEC makes it a leading privacy coin, which is supported by its usecase of its main feature, such as private transactions. These private transactions are powered by advanced technology called zk-SNARKs.
These are $ZEC tokens held in completely private addresses. They have now reached an all-time high of over 30% of the total supply. This means approximately 4.9 to 5 million $ZEC are held with full privacy. Data shows a sharp jump from 29% to 31% in just the past day. This shows rapid growth in demand for financial privacy, which likely came from growing concerns over surveillance and regulatory compliance across the world.
This has become a major trend throughout 2025.
Technical Indicators Suggest a Potential Recovery in $ZEC
According to experts, Zcash is showing a strong sign of positive recovery on Christmas Day. After falling below a major average price level earlier in the week and losing support at $430, $ZEC has now recovered above $440. This could form a higher low, which shows a bullish sign.
The Relative Strength Index (RSI) is now in a neutral zone around 45 to 50. This is a recovery from being deeply oversold below 30 during recent price drops, which suggests that the heavy selling pressure may be easing.
$ZEC
Zcash getting a little frisky heading into the holiday on LTFs. Confirming this reversal and multiple bullish signals flashing. Something to watch. pic.twitter.com/HSdIGN4bvi
— CJ Bennett (@the_real_CJ) December 24, 2025
Another indicator, the Moving Average Convergence or MACD, is showing a bearish signal earlier in December. However, today’s surge in the price shows a contradictory momentum.
According to the analysis, major price levels to monitor are immediate support at $403 and $405, which was the recent low. If the cryptocurrency holds above this level, this area could provide additional fuel to surge above the $442 resistance level, with a short-term target of $500.
On-chain data shows that the top 100 largest Zcash holders increased their combined holdings by 2.7% during recent price dips, which provides a strong foundation against additional drops.
At the time of writing this, major cryptocurrencies like Bitcoin and Ethereum are going through major consolidation phases. Bitcoin is trading at around $87,000 with minor pullbacks, and the total market has seen small outflows. Privacy coins as a group face challenges from ongoing regulatory debates.
However, a friendly regulatory environment for crypto in the United States after the elections and filings like asset manager Grayscale’s proposal for Zcash have eased some concerns.
Zcash has a model of optional privacy, where users can choose a transparent or a shielded transaction. This can woo those institutions that are looking for privacy tools that can still operate within regulatory frameworks.
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