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Zcash price jumps 5% to $531 after Forbes ranks it among top cryptos, eyeing $540-$547 resistance.

Market News
12 Jul 2026
Blockonomi
View Source
Bullish
pluang ai news

Zcash (ZEC) price rose about 5% to trade near $531 following Forbes' July 10 ranking that included ZEC among the top cryptocurrencies. This boost reflects improved sentiment amid an ongoing recovery, with resistance expected between $540 and $547. Key support lies at $500, below which the price could drop to $478. Despite recent gains, concerns linger from a June security flaw in Zcash's Orchard protocol, though no exploitation has been proven. The upcoming U.S. CPI release and Bitcoin volatility may influence ZEC's price movement. Long-term bullish factors include the 2024 halving reducing new supply and a significant portion of coins held in shielded addresses, though EU regulations in 2027 pose distribution risks.

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