#ZEC逆势上涨 Zcash (ZEC) is the most eye-catching contrarian in this round of market turbulence. ZEC has increased by over 7% in the past 24 hours, with an intraday high of $628, and its market capitalization has once again risen to the 11th position in the crypto market, with a total market value exceeding $11 billion.

From a news perspective, the core catalyst for this surge is the confirmation in ZEC Foundation's Q1 report that the U.S. Securities and Exchange Commission (SEC) has closed its investigation into it and is not taking any enforcement action. For a privacy coin project that has been plagued by regulatory uncertainty for years, this news is interpreted by the market as a significant compliance positive.
However, this news was already released a few weeks ago, and the current resilience still relies on ZEC's strong fundamentals. Looking at a longer cycle, ZEC fell to a low of $185 in February this year, then rebounded all the way up, reaching a high of $688 in May, an increase of over 270%. Its shielded address count also increased from 1.47 million in 2024 to the current 5.11 million, indicating ongoing growth in on-chain privacy demand.
From a technical perspective, crypto analyst Ali Martinez pointed out that the 12-hour chart of ZEC has triggered a TD sequence buy signal; if ZEC can hold the $500 support level, the next target is $642. Additionally, the governance voting for the Zcash network upgrade NU7 is expected to start in June 2026, and the subsequent technical roadmap may continue to support the price.