Zcash (ZEC) why did it big pump? Arthur Hayes predicts a price of $10,000, technical indicator targets $726.

Recently, the leader in Privacy Coin Zcash (ZEC) has seen a significant rise, and the KOL in the encryption industry Arthur Hayes has also become one of the strongest supporters of Zcash. He boldly predicted on the X platform that the price of Zcash is expected to reach $10,000, which undoubtedly injects a strong wick candle into ZEC.

Zcash Popularity Explosion: Privacy Technology and Heavyweight Endorsement

Zcash (ZEC) has seen explosive growth in popularity in October 2025, driven primarily by its unique Privacy Coin technology that has garnered unprecedented attention and visibility.

The KOL of the encryption industry, Arthur Hayes, has become one of the strongest supporters of Zcash. He boldly predicted on the X platform that the price of Zcash is expected to reach $10,000, sparking heated discussions within the community.

Renowned crypto trader Bitcoin Jack also joined the discussion, explaining the charm of Zcash. He pointed out that ZEC is being seen as a “true privacy Bitcoin competitor,” and it also possesses “semi-quantum ready” technological features. This narrative that combines privacy and future security has successfully attracted the attention of many heavyweight figures who were early participants in Bitcoin (BTC).

Extremely Bullish Technical Analysis: RSI Hits All-Time High

From a technical perspective, Zcash's price prediction shows extreme bullish sentiment:

• RSI reading breaks record: The weekly chart shows extremely strong bullish signals. ZEC recorded a relative strength index (RSI) of 92.7 in the first week of October, marking the highest weekly RSI reading for this coin in history.
• Narrative driving force: As emphasized by Bitcoin Jack, the narrative built around ZEC is very strong and has convinced many well-known figures in the encryption field. This buyer power and captivating story are likely to attract more capital into the Zcash market.
• Beyond History: During this cycle, ZEC has risen to the $372 level faster than in the 2021 cycle. The sustained high trading volume over several weeks indicates strong market interest, and this is not a fleeting enthusiasm.

Price Target Prediction: Challenge $726 Level

Based on the Fibonacci extension levels drawn from the bull market rebound of 2020 to 2021, ZEC has the potential to further rebound to $726 in 2025. The prerequisite for achieving this goal is that ZEC must break through the key resistance level of $372 on the weekly chart.

However, extreme RSI readings may indicate that the market needs time to “cool down”. However, in a bull market, the market does not always follow the expectation of “RSI overbought, needs adjustment”. As seen with ZEC's performance in October, a compelling token adoption story can drive prices past such technical limitations and achieve remarkable leaps.

Currently, Zcash is still a long way from its all-time high of $3,191 set in October 2016 (ATH). As for whether the targets of $3,000 or even $10,000 are feasible, it is still difficult to draw a conclusion.

Conclusion

Zcash (ZEC)'s recent strong performance is the result of market narratives, technological innovations, and heightened sentiment. Although the price target of $10,000 seems far-fetched, endorsements from industry giants like Arthur Hayes and the narrative of Zcash's encryption and semi-quantum readiness provide strong fuel for the bull market. While technical indicators like RSI suggest the market may be overbought, history shows that captivating adoption stories often allow asset prices to break through traditional technical resistance. Investors should closely watch whether ZEC can break through $372 this key level and assess whether its Privacy Coin features can continue to attract heavyweight capital inflows like early Bitcoin participants in the coming months.