Zcash nears $400 amid strong gains and bullish outlook despite Brazil's crypto restrictions.

Zcash (ZEC), a privacy-focused cryptocurrency, is approaching the critical $400 resistance level after gaining 8% in the past week and 61% over the last month. Industry leaders like Barry Silbert and Arthur Hayes have expressed strong support, with Hayes projecting a long-term price of $10,000. This renewed interest comes as Brazil plans to ban stablecoins and cryptocurrencies for international payments starting October 1, pushing some investors toward privacy coins like ZEC. Technical analysts highlight key resistance zones between $390–$400 and potential targets up to $447 and beyond, while downside support holds near $340–$370. ZEC's market cap is $6.43 billion with a 24-hour volume of $597 million, and its availability on platforms like Robinhood is increasing retail access.