Key Takeaways
- Barry Silbert, Chairman of Grayscale, endorsed Zcash as a symbol of financial freedom
- Arthur Hayes, BitMEX co-founder, projected ZEC could reach $400 with ultimate targets at $10,000
- ZEC currently trades around $388, showing 8% weekly gains and 61% monthly growth
- Critical resistance zone identified between $390–$400, with analysts monitoring $440–$447 levels
- Brazil’s Central Bank scheduled to prohibit stablecoins and cryptocurrency for cross-border transactions starting October 1
The privacy-focused cryptocurrency Zcash (ZEC) continues capturing attention from influential figures across the digital asset industry. Barry Silbert, Chairman of Grayscale, recently expressed support for the privacy coin, emphasizing that decentralized financial networks remain challenging to control through traditional regulatory frameworks. His statement highlighted how privacy-centric blockchain platforms function outside conventional monitoring systems. Silbert characterized Zcash as embodying principles of financial sovereignty.
Silbert’s endorsement followed Brazil’s Central Bank disclosure regarding upcoming restrictions on stablecoins and digital currencies for international settlement purposes, scheduled to take effect October 1. This regulatory development has driven increased interest toward privacy-preserving cryptocurrencies.
Hayes Projects $400 Breakout and Long-Term Upside
Arthur Hayes, co-founder of BitMEX, reinforced the optimistic outlook for Zcash. Through a recent statement on X, Hayes observed that ZEC had climbed to approximately $392 and suggested the $400 threshold appeared within reach. Hayes also presented an ambitious long-range valuation of $10,000 for the privacy coin.
Ah yes – I can afford a cocktail again.$ZEC = $400????? PLS 😭😭😭😭😭 pic.twitter.com/lG1uOXXo8N
— Arthur Hayes (@CryptoHayes) May 1, 2026
Current market data shows ZEC exchanging hands around $388, following a 24-hour peak of $392. The digital asset has gained 8% across the previous seven days and advanced 61% throughout the past month. Total market capitalization stands at $6.43 billion, while 24-hour transaction volume approaches $597 million.
The recent listing of ZEC on Robinhood has expanded accessibility for individual investors.
Critical Price Zones Under Analyst Scrutiny
Market observers maintain focus on the $390–$400 range as a pivotal technical threshold. Crypto analyst Tony highlighted that reclaiming the $390 mark could establish momentum toward $440. This projection corresponds with resistance areas identified across multiple technical assessments.
Wait on that reclaim of $390, before entering. This will open the gates for longs up to $440. pic.twitter.com/gqSCikagnF
— Crypto Tony (@CryptoTony__) May 2, 2026
Technical analyst LSTRADER identified a foundation near $306, which ZEC has successfully surpassed. The subsequent major barrier above $440 exists around $760–$770. Analysis from Igor demonstrates ZEC testing a supply region between $400–$420, with additional resistance positioned at $450 and $520–$550.
Pufi’s technical framework outlines a trajectory toward $447, featuring indicator-derived support near $340 and secondary support approximately $290.
Downside protection levels emerge at $370 initially, followed by $340–$350. ZEC has established a pattern of ascending lows following the rebound from the low $300 range.
Near-term price action shows ZEC trading close to $394, maintaining pressure against the $390–$400 resistance boundary.
