#ZEC#

The channel middle band is $390 support.
The channel lower band is $350 main support.
The upper channel band 482 is the first target.

$ZEC 33 days increase by %650.
I asked Grok the reason. His answer:

Zcash (ZEC) has experienced a significant surge in recent months, particularly during the period of October-November 2025, as a privacy-focused cryptocurrency. Its price has risen by approximately 400-500% over the last 30 days, reaching levels above $300 and nearing all-time highs. There are multiple factors behind this surge; these include both fundamental and speculative elements. Below, I summarize the main reasons:

# # 1. *Upcoming Halving Event (Supply Reduction)*
- Zcash's third halving will take place on November 18, 2025. This will reduce miner rewards by 50%, limiting the new supply from (3.125 ZEC to 1.5625 ZEC. Historically, halvings push the price up; for example, after the 2020 halving, ZEC had increased by 170%.
- Investors are positioning themselves ahead of this event, with trading volume increasing by 57% to reach ) million. This is directly related to the demand triggered by supply scarcity.

$940 2. *Increase in Privacy Usage # #Shielded Transactions(*
- Zcash's zk-SNARK technology has achieved record "shielded" )hidden( transactions. The shielded pool has reached 4.9 million ZEC at )%30 supply( – effectively reducing the circulating supply and lowering selling pressure.
- Users are using ZEC as a "bridge" while transacting without KYC/AML in DeFi on )Solana, Ethereum(: They convert their assets to ZEC and hide them, then switch to another coin. This has brought over $40M in flow to the shielded pool and demonstrates real usage demand.

) 3. *Corporate and Influential Support*
- Grayscale Zcash Trust has reached $100M+ in asset management, providing regulated access to institutional investors. This holds $149M+ in ZEC and has increased liquidity.
- Famous names created hype: Naval Ravikant said "Zcash is insurance against Bitcoin"; Arthur Hayes set a target of $10,000, which increased the price by 30%; Mert Mumtaz targeted $1,000. These tweets triggered FOMO, and short liquidations reached $65M.

# # 4. *Technical and Market Dynamics*
- The rising channel formation and EMAs in technical analysis (20>50>100>200) are giving a bullish signal. Although the RSI is overbought at 71, the momentum is strong; there is a rotation towards privacy coins as BTC dominance decreases.
- The volume increased to $1.45B, # #%7.9 increase(, open interest reached an annual peak. The market cap approached $5.4B, surpassed Monero, and leads the privacy sector with )%60(.

) Potential Risks and Predictions
Although this rise is speculative, for example, the rising wedge pattern gives a warning of a 30% correction, the fundamental indicators are strong. In the short term, it could test $400, with predictions of $500+ by the end of 2025. CoinCodex: $521 with a 41% increase. However, regulations like the EU's 2027 privacy coin ban could create pressure.

ZEC, digital IDs for which the demand for privacy is increasing, is strategically positioned in a world of AI surveillance. Do your own research for investment decisions, market volatility.