#Gate广场中秋团圆局 #ZEC #GateSquareMidAutumnReunion

Zcash co-founder announces $5,000 target for ZEC by the end of 2026

The Zcash co-founder has announced a price target of $5,000 for ZEC by the end of 2026.

ZEC has gained over 100% in value over the last 30 days, and institutional interest has regained momentum.

In the short term, the $1,650–$1,720 range is being watched as resistance, while the $1,500–$1,550 range serves as support.

Some analysts point to the $2,000 region as a more cautious initial target for the final months of 2026.

Zcash has surged more than 100% in the past 30 days; this movement has reignited expectations for ZEC for the remainder of 2026. Rising market interest in privacy-focused cryptocurrencies, significant purchases by large investors, and the proliferation of institutional products have been the key factors driving interest in Zcash.

A deeper correction scenario is also on the table
Ambitious target for ZEC is in focus

Eli Ben-Sasson stated that the price of ZEC could reach $5,000 by 2026. Zcash is known as a cryptocurrency network focused on enhancing ease of transaction. This forecast points to a potential additional gain of approximately 200% from current levels.

This assessment regarding the possibility of ZEC reaching $5,000 by 2026... ...is based on large-scale investor activity, interest in privacy-focused assets, and Zcash's volatility dynamics. Contrary to the market's optimistic outlook, the $5,000 target reflects a far more aggressive scenario than the current short-term trend naturally suggests. Although ZEC has recently traded in the $1,550 to $1,650 range, reaching the $5,000 level would require maintaining strong and sustainable momentum.

Notable developments regarding institutional access are underway. In addition to the $900 million in assets channeled through Grayscale's Zcash ETF, a new custody channel has been established for Europe's first Zcash exchange-traded product (ETP). However, these developments do not guarantee a rise in ZEC's price level solely due to increased accessibility.

Monitoring critical resistance and support zones

From a technical perspective, the first significant resistance zone lies between $1,650 and $1,690. Beyond that, the $1,720–$1,860 range is the next area to watch. The recent pullback ZEC experienced after approaching the $1,700 level indicates that the market is taking a breather following the rapid surge in September. Key Price Zones

Support: $1,500 – $1,550 (Levels being monitored to see if current price points hold)
Resistance: $1,650 – $1,720 (Zone that must be surpassed for the rally to continue)**

Analysts view the $1,800–$2,100 range as a critical zone for the current uptrend and warn that the rapid rise could trigger increased profit-taking.
Analysts target the $2,000 level in the short term.

Some technical analysts are highlighting the $1,800–$2,100 range for ZEC in the short term. CryptoPatel notes the formation of a "Cup and Handle" pattern on the chart, with the calculated target pointing to this zone. However, the same analysis also warns of rising risks regarding distribution and profit-taking following sharp rallies.

Meanwhile, AltcoinSherpa suggests that ZEC might require a period of consolidation before heading toward the $2,000 level. On the four-hour chart, the $900–$1,100 and $1,100–$1,300 ranges have been identified as support zones. These projections present a much more cautious outlook compared to Ben Sasson’s $5,000 forecast.

A deeper correction scenario is also on the table.

Elliott Wave analysis stands out as another technical scenario being monitored in the market. This approach suggests that, following the rally extending to the $1,804 level, the price may be entering a fourth-wave phase.

Elliott Wave analysis is a technical analysis method that examines price movements as recurring waves shaped by investor psychology. Fibonacci retracement levels are used to identify potential support and reaction zones.

A combination of this data highlights the $1,226, $1,014, and $870 levels as potential retracement zones. From a broader perspective, maintaining the $1,500–$1,550 range is critical for the continuation of the recent uptrend. Should a sharper downside break occur, pullbacks toward the $1,340 and $1,150 levels could come into play.