- Amid the bullish momentum, the Zcash (ZEC) price has gained upward momentum with a spike of over 6% on its daily chart, helping its value to soar above $254.70 with a market capitalization of $4.22 billion.
- Zcash (ZEC) price momentum is following a bullish trend in the overall crypto market after Charles Schwab revealed the launch of spot trading for Bitcoin and Ethereum.
On April 6, Zcash (ZEC) gained bullish momentum, where it managed to break a major resistance level of $250, thanks to a spike of over 6% on its daily chart.
The upward momentum in the ZEC price is following a bullish trend in the overall crypto market, in which the Bitcoin (BTC) price soared over $69,000. At the time of writing, the Zcash price is hovering at around $254.70 with a surge of 6.54% in the last 24 hours, according to CoinMarketCap.
The daily trading volume also increased by over 22% and currently revolves around $294.18 million. It currently holds a total market capitalization of $4.22 billion.
Zcash (ZEC) Gains Bullish Momentum Following Charles Schwab Announcement
One of the biggest catalysts behind the rally in the crypto market is the recent announcement from Charles Schwab to launch trading for digital assets like Bitcoin (BTC) and Ethereum (ETH). This bullish news has influenced the price action in the crypto market.
(Source: TradingView)
If the ZEC price managed to hold this trend line and Bitcoin’s rally extends its upward trajectory, it’s highly possible that the ZEC price might move toward the next major resistance level at $270. On the other hand, if the price falls below $250, then it might again catch a consolidating pattern on its trading chart and create downward pressure on the cryptocurrency to push toward $240.
However, there is a fear that major liquidity still looms over the Zcash price, which might decide the fate of the cryptocurrency. According to the TradingView chart, there is a major liquidity zone around $257. If buyers take place at this level and book a profit, then the cryptocurrency might slip again below $250.
According to TradingView, the relative strength index stands at 57, which shows steady buying interest without the market becoming overbought. The moving average convergence divergence line reads a positive 1.71, which shows continued bullish momentum on the daily chart.
Most moving averages from the 5-day to the 200-day period are giving buy signals. However, the average directional index stands at 33.3, confirming that a solid trend is in place rather than random price moves. Support levels hold near $251 while resistance appears around $255 to $258. Traders are watching these zones closely because a clean break above $258 could open the path to higher targets.
Macroeconomic conditions in the wider cryptocurrency market are also helping the surge. Bitcoin has posted modest gains near 3% over the same period, which often lifts alternative coins through positive beta effects. Overall, the crypto market capitalization has risen by approximately 3.4%, creating a favorable environment for mid-cap assets like Zcash.
In recent months, the concept of privacy coins has gained the attention of investors amid ongoing discussions about data security and financial surveillance. This discussion has boosted the demand for coins that emphasize shielded transactions and zero-knowledge proofs.
Institutional participation is expected to play a support role as trading activity increases without signs of heavy retail speculation.
In March 2026, the Zcash Open Development Lab secured $25 million in seed funding from leading venture investors. The capital supports expanded engineering efforts and new partnerships aimed at wider adoption of private digital payments. Developers are now accelerating work on self-custodial wallet tools that make shielded ZEC easier to use for everyday transactions.
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