TLDR
- Barry Silbert, Chairman of Grayscale, championed Zcash as a symbol of financial sovereignty
- Arthur Hayes, BitMEX co-founder, suggested ZEC may reach $400, with an ambitious $10,000 long-term projection
- ZEC currently hovers around $388, showing an 8% weekly gain and 61% monthly increase
- Critical resistance zone identified between $390–$400, with subsequent targets at $440–$447
- Brazil’s Central Bank intends to prohibit stablecoins and cryptocurrencies for international settlements starting October 1
The privacy-focused cryptocurrency Zcash (ZEC) has captured renewed interest from prominent figures in the digital asset industry. Barry Silbert, who chairs Grayscale, recently expressed support for the privacy-oriented token, emphasizing that decentralized digital assets inherently resist centralized control and that privacy-centric blockchain networks function outside conventional monitoring systems. Silbert characterized Zcash as embodying financial sovereignty.
These remarks followed an announcement from Brazil’s Central Bank regarding forthcoming restrictions on stablecoins and cryptocurrencies for international payment settlements, set to take effect on October 1. This regulatory development has prompted certain market participants to gravitate toward privacy-preserving digital assets.
Hayes Projects $400 Milestone and Extended Upside
Arthur Hayes, co-founder of BitMEX, reinforced the optimistic outlook for Zcash. Through a recent statement on X, Hayes observed that ZEC had already climbed to approximately $392 and suggested that reaching $400 appears imminent. Additionally, he mentioned an extended price objective of $10,000 for the privacy token.
Ah yes – I can afford a cocktail again.$ZEC = $400????? PLS ðŸ˜ðŸ˜ðŸ˜ðŸ˜ðŸ˜ pic.twitter.com/lG1uOXXo8N
— Arthur Hayes (@CryptoHayes) May 1, 2026
Currently, ZEC is exchanging hands near $388, following a 24-hour peak of $392. The digital asset has recorded an 8% gain over the previous seven days and a substantial 61% advance throughout the past month. The market capitalization stands at $6.43 billion, accompanied by approximately $597 million in 24-hour trading volume.
Robinhood’s recent addition of ZEC to its platform has further enhanced the token’s accessibility for mainstream investors.
Critical Resistance Zones Under Market Scrutiny
The $390–$400 range represents the pivotal area currently capturing trader attention. Market analyst Crypto Tony observed that successfully reclaiming the $390 level could facilitate an advance toward $440. This price point 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
Market analyst LSTRADER highlighted a foundation near $306, which ZEC has successfully surpassed. The subsequent major resistance beyond $440 is positioned around $760–$770. Technical analysis from analyst Igor demonstrates ZEC encountering a supply zone spanning $400–$420, with additional resistance barriers at $450 and $520–$550.
Analyst Pufi’s technical projection charts a trajectory toward $447, with indicator-derived support identified near $340 and more substantial support approximately at $290.
Key support zones are positioned at $370 initially, followed by $340–$350. ZEC has consistently established higher lows since rebounding from the lower $300 range.
In short-term trading charts, ZEC was positioned near $394, persistently testing the $390–$400 resistance corridor.
