Key Highlights
- Robinhood platform integration triggered a ~4% rally in ZEC
- ZEC demonstrated strength while broader cryptocurrency markets declined approximately 2%
- Grayscale submitted paperwork to transform its Zcash Trust into a regulated spot ETF
- Technical analyst thatsavibe_eth identifies $600 potential upon breaking $390 threshold
- BitMEX co-founder Arthur Hayes maintains $10,000 long-term forecast for ZEC
Zcash (ZEC) experienced an upward move of approximately 4% Thursday following Robinhood’s announcement that the privacy-oriented cryptocurrency would join its trading platform. ZEC reached $332 during active trading hours, bouncing back from its 24-hour bottom of $312.56.
This upward momentum emerged while cryptocurrency markets broadly declined. Global crypto market capitalization dropped approximately 2% during the same timeframe, highlighting ZEC’s relative strength.
Helius CEO Mert Mumtaz responded enthusiastically to the Robinhood announcement. Mumtaz had previously advocated for Robinhood to integrate ZEC and characterized this listing as meaningful progress for privacy-centric digital assets.
Robinhood continues expanding its international footprint. The trading platform secured In-Principle approval from the Monetary Authority of Singapore to deliver brokerage services throughout that market.
Institutional Activity Builds Momentum
Grayscale submitted documentation to transform its Zcash Trust into a regulated spot ETF. Approval would establish the first mainstream privacy-focused crypto exchange-traded fund. Market watchers project potential capital inflows ranging from $500 million to $2 billion.
The Zcash Open Development Lab secured $25 million in recent fundraising. Paradigm, a16z, and Coinbase Ventures participated in the round. The organization focuses on developing comprehensive private financial infrastructure rather than maintaining a single-use token.
Emerging products including the cashZ wallet alongside Zashi wallet enhancements aim to simplify private transactions for mainstream adoption.
Blockchain metrics reveal an expanding portion of ZEC supply residing in shielded pools. This trend, coupled with decreased issuance after the 2024 halving event, continues tightening available supply.
Critical Price Thresholds
The 4-hour technical chart displays ZEC’s breakout from a descending parallel channel formation, which traders interpret as concluding a corrective period. The Supertrend indicator switched to green signals, while the MACD indicator moved into positive momentum.
ZEC currently approaches resistance spanning $337 to $361. Clearing this zone would establish a pathway toward the $400 milestone, with $450 becoming accessible under sustained buying pressure.
Technical analyst thatsavibe_eth, publishing through TradingView, established a $600 objective while emphasizing ZEC requires breaching $390 first. The optimistic outlook becomes compromised if ZEC falls beneath the $300–$310 support range.
BitMEX co-founder Arthur Hayes declared ZEC his preferred altcoin investment. In a 2025 statement on X, Hayes outlined a long-range price objective of $10,000 for ZEC.
ZEC maintained trading around $332 at publication time, sustaining ground above the $330 threshold following the Robinhood integration news.
