Zcash (ZEC) Eyes $400 Milestone as Arthur Hayes and Barry Silbert Champion Privacy Coin

Key Highlights

• Barry Silbert, Grayscale’s Chairman, endorsed Zcash as an essential instrument for financial sovereignty
• Arthur Hayes, BitMEX co-founder, suggested ZEC may reach $400 soon, with an ambitious $10,000 long-term projection
• ZEC currently hovers around $388, posting an 8% weekly gain and impressive 61% monthly increase
• Critical resistance zone identified between $390–$400, with technical analysts eyeing $440–$447 as subsequent targets
• Brazil’s monetary authority intends to prohibit stablecoins and cryptocurrency for international transactions starting October 1

Privacy-focused cryptocurrency Zcash (ZEC) has captured renewed interest from prominent cryptocurrency industry figures. Barry Silbert, Chairman at Grayscale, recently voiced support for the digital asset, emphasizing that limiting decentralized technologies proves fundamentally challenging and that privacy-centric blockchain networks function outside conventional monitoring systems. Silbert characterized Zcash as embodying economic liberty.

Silbert’s remarks followed Brazil’s Central Bank disclosure regarding intentions to prohibit stablecoins and cryptocurrencies for international payment settlements, taking effect October 1. This regulatory development has directed some market participants toward privacy-oriented digital currencies.

Hayes Projects $400 Price Point and Ambitious Long-Term Vision

Arthur Hayes, BitMEX co-founder, reinforced the optimistic outlook. Through a recent social media update on X, Hayes observed that ZEC had already climbed to approximately $392 and suggested a push toward $400 appeared imminent. Additionally, he proposed an ambitious long-range valuation of $10,000 for ZEC.

Currently, ZEC exchanges hands around $388, following a 24-hour peak of $392. The digital asset has climbed 8% throughout the previous week and surged 61% across the past thirty days. Total market capitalization stands at $6.43 billion, while 24-hour transaction volume approaches $597 million.

Trading platform Robinhood has incorporated ZEC into its offerings, enhancing accessibility for individual investors.

Critical Resistance and Support Zones Under Scrutiny

The $390–$400 range represents the crucial territory market participants are monitoring closely. Technical analyst Crypto Tony observed that recapturing $390 might establish conditions for advancement toward $440. This threshold corresponds with resistance areas identified by multiple market analysts.

Analyst LSTRADER identified a foundation near $306, which ZEC has successfully surpassed. The subsequent major resistance above $440 exists around $760–$770. Technical analysis from Igor demonstrates ZEC encountering a supply zone spanning $400–$420, with additional resistance positioned at $450 and $520–$550.

Pufi’s technical projection maps a trajectory toward $447, featuring indicator-driven support near $340 and more substantial support approximately $290.

Downside protection zones merit attention at $370 initially, followed by $340–$350. ZEC has consistently established higher lows since rebounding from the lower $300 range.

Near-term price action shows ZEC trading around $394, maintaining pressure against the $390–$400 resistance barrier.

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