Zcash rallies 4% to $400, signaling a potential rise to $500 amid strong trading volumes and bullish momentum.

Zcash (ZEC) surged 4% to $400, marking a 66% gain over the past month with trading volumes hitting $1 billion, the highest since December 2025. This surge is driven by strong buying pressure, a short squeeze, and doubling open interest in futures, indicating renewed investor confidence. Technical indicators, including a breakout above the 200-day EMA and multiple buy signals, suggest the bear market is over and ZEC could soon test $500, with a mid-term target of $700 if momentum continues. Increased use of Zcash's privacy features amid geopolitical tensions also supports demand for the token.