Key Highlights
- Barry Silbert, Chairman of Grayscale, endorsed Zcash as an essential tool for preserving financial autonomy
- Arthur Hayes, co-founder of BitMEX, suggested ZEC may reach $400 soon, with an ambitious $10,000 long-term forecast
- ZEC currently trades around $388, reflecting an 8% weekly gain and impressive 61% monthly increase
- Critical resistance zone lies between $390–$400, with technical analysts projecting moves toward $440–$447
- Brazil’s Central Bank intends to prohibit stablecoins and cryptocurrency for international settlements starting October 1
The privacy-focused cryptocurrency Zcash (ZEC) has captured renewed interest from prominent figures within the digital asset industry. Barry Silbert, Chairman of Grayscale, recently voiced support for the privacy-centric token, emphasizing that limiting decentralized currencies remains inherently challenging and that privacy-oriented blockchain networks function outside conventional monitoring systems. Silbert characterized Zcash as embodying the principle of financial sovereignty.
Silbert’s endorsement followed Brazil’s Central Bank revealing intentions to prohibit both stablecoins and cryptocurrencies for international settlement purposes, with enforcement beginning October 1. This regulatory development has directed increased attention toward privacy-preserving digital currencies.
Hayes Projects $400 Milestone and Ambitious Long-Term Vision
Arthur Hayes, BitMEX co-founder, amplified optimistic sentiment surrounding the asset. Through a recent statement on X, Hayes observed that ZEC had already climbed to approximately $392 and suggested that reaching $400 appeared imminent. Hayes additionally mentioned an aspirational long-range price objective of $10,000 for the privacy coin.
Ah yes – I can afford a cocktail again.$ZEC = $400????? PLS 😭😭😭😭😭 pic.twitter.com/lG1uOXXo8N
— Arthur Hayes (@CryptoHayes) May 1, 2026
Currently, ZEC is changing hands around $388, following a 24-hour peak of $392. The digital asset has posted an 8% advance over seven days and a substantial 61% rally across the previous month. Its market capitalization stands at $6.43 billion, accompanied by approximately $597 million in 24-hour transaction volume.
The cryptocurrency exchange Robinhood recently added ZEC to its platform, expanding accessibility for everyday investors.
Critical Technical Zones Under Market Scrutiny
Market participants are closely monitoring the $390–$400 range as a pivotal technical threshold. Technical analyst Crypto Tony indicated that successfully reclaiming the $390 level could pave the way for advancement toward $440. This target corresponds with resistance areas identified by multiple market technicians.
Wait on that reclaim of $390, before entering. This will open the gates for longs up to $440. pic.twitter.com/gqSCikagnF
— Crypto Tony (@CryptoTony__) May 2, 2026
Technical analyst LSTRADER highlighted a foundational support level around $306, which ZEC has already surpassed. The subsequent major resistance above $440 is positioned near $760–$770. According to Igor’s technical analysis, ZEC is currently testing a supply zone spanning $400–$420, with additional resistance barriers at $450 and the $520–$550 range.
Analyst Pufi’s charting indicates a potential trajectory toward $447, supported by indicator-derived support near $340 and a secondary support foundation around $290.
Downside protection levels are established at $370 initially, followed by the $340–$350 zone. ZEC has consistently formed ascending troughs since recovering from the lower $300s.
In near-term price action, ZEC traded close to $394, maintaining pressure against the $390–$400 resistance band.
