Incoming liquidity from the US Fed and bullish technical breakouts are aligning to assist a $1,000 value outlook for Zcash.
Zcash’s (ZEC) price could be gearing up for a push toward its “first stop” target of $1,000, according to Arthur Hayes, the former CEO of crypto derivatives exchange BitMEX.
Key takeaways:
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ZEC has risen 40% since Arthur Hayes’ Dec. 19 liquidity call, with privacy narratives gaining momentum.
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Zcash charts still target $1,000 in the longer term, but a pullback toward $400 should not be ruled out.
ZEC price pumps 40% after Hayes’ endorsement
Hayes’ bullish outlook for Zcash first appeared during a Dec. 19 interview, where he explained that liquidity can still return to markets even if the Federal Reserve never explicitly announces “quantitative easing” in 2026.
He stated policymakers will depend on short-term funding operations and reserve-management purchases to quietly inject cash into the financial system with out drawing headlines.
In that setup, privateness and zero-knowledge technologies will re-emerge as a dominant crypto narrative, positioning Zcash as a liquid proxy commerce if danger urge for food returns, Hayes argued.
Since that interview aired, ZEC has rallied roughly 40%, climbing to round $550. The transfer extends an 82% rebound from its native low close to $300 established only a month earlier.
The pump appeared just like Hayes’ ZEC endorsement in October when its value rallied to a multiyear excessive of $775 from round $75.
ZEC triangle breakout reinforces $1,000 value goal
Crypto dealer Crypto Curb highlighted Zcash breaking out of its prevailing ascending triangle sample whereas reclaiming its 50-week shifting common (50-week MA) as assist.
In his evaluation, the breakout construction left the door open for a direct enlargement towards the $1,000 zone, significantly if privacy-focused narratives achieve traction in 2026.
Associated: What’s behind the surge in privacy tokens as the rest of the market weakens?
In distinction, analyst Eric Van Tassel said a ZEC value pullback towards the $400 zone is feasible within the coming days owing to a prevailing rising wedge sample.
This potential draw back transfer could be a “regular reset,” nonetheless, that will clear extra leverage and allow a extra profound rally towards the $1,000 goal.
“Take into account that we didn’t see an precise retest of $400 as the value was simply in need of that at $404.60 on this chart,” Van Tassel wrote on Saturday, including:
“[Market makers] love to return and tag these essential numbers. This additional strengthens the case of going again to do this, because the rising wedge measured transfer aligns completely.”
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This text doesn’t comprise funding recommendation or suggestions. Each funding and buying and selling transfer entails danger, and readers ought to conduct their very own analysis when making a call. Whereas we attempt to offer correct and well timed info, Cointelegraph doesn’t assure the accuracy, completeness, or reliability of any info on this article. This text might comprise forward-looking statements which might be topic to dangers and uncertainties. Cointelegraph is not going to be responsible for any loss or harm arising out of your reliance on this info.
