Zcash cofounder targets $2,000, eyes $5,000 as ZEC drops below support

Cointurk2026/10/15 15:51

By:Cointurk

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Zcash cofounder Eli Ben-Sasson renewed his optimistic outlook for the ZEC token, suggesting in a recent X post that a $2,000 price target is a “no-brainer” and projecting a potential climb to $5,000 over the long term. Ben-Sasson’s remarks addressed possible scenarios for ZEC in 2026.

Zcash recent price action Technical levels and market sentiment Upgrade and market outlook

Zcash recent price action

Zcash, a privacy-focused cryptocurrency designed to provide anonymous transactions, surged to $1,696 on September 26, reaching its highest point in months after a sustained rally. However, the price has since lost momentum. As of the latest data, ZEC traded at $1,098, reflecting a decline of 10.23% over the past 24 hours. The broader crypto market experienced widespread selling following new inflation data that spurred concerns about potential Federal Reserve interest rate hikes this month.

To reach Ben-Sasson’s $2,000 target, ZEC would need to increase by more than 82% from its current price. The path forward may prove challenging if current market headwinds persist.

Technical levels and market sentiment

The recent pullback pushed Zcash below its daily MA 50, a moving average that had previously supported price increases during August 2026. Regaining this technical level could encourage bullish traders to drive the price higher and test resistance in the $1,300 to $1,400 range, with further upside toward $1,700 and potentially $2,000 if momentum continues.

Zcash needs to reclaim key technical support before bulls can attempt a rally toward $1,700 and $2,000.

Santiment analytics reported that ZEC gained approximately 48% between September 15 and September 26, 2026. However, by October 14, the token had lost nearly all those gains.

During this period, open interest in ZEC peaked at 1.60 million coins. By October 14, open interest had fallen by 2.5% compared to mid-September. Social volume also dropped significantly, with a high of 671 ZEC mentions during the rally, falling to just 50 on October 14, marking the quietest day since September 2. Despite the declining attention and reduced leverage, ZEC rose past $1,650 during the rally.

Date ZEC Price Open Interest Social Mentions

Sep 15, 2026	~$1,146	1.60 million ZEC	–
Sep 26, 2026	$1,696 (peak)	–	671
Oct 14, 2026	~$1,098	2.5% below Sep 15	50 (quietest since Sep 2)

Upgrade and market outlook

A mainnet decision on the Zcash NU7 upgrade is expected on October 20, 2026. Despite this upcoming event, social dominance statistics for ZEC are at their lowest since early September, indicating subdued interest from the online community.

Eli Ben-Sasson’s bullish forecast keeps a spotlight on ZEC, though the market awaits further catalyst events and technical confirmation to support a renewed rally.

Mini dictionary: NU7 upgrade, the next major protocol update for Zcash, aims to implement technical improvements to enhance privacy, efficiency, and network functionality. Each upgrade on the Zcash network is designated “Network Upgrade” followed by a sequential number. NU7 is scheduled for a mainnet activation decision in October 2026.

Online metrics show declining social buzz around Zcash, even during rapid price movement, as open interest also recedes since last month’s peak.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

San Francisco Fed President Daly stated that the traditional "wait and see" approach to supply-side shocks has been abandoned, noting that businesses in her district are tending to pass rising costs on to consumers and that current inflation risks are "skewed fully to the upside." Cleveland Fed President Hammack said that once the public forms an "inflationary mindset," the difficulty of monetary policy regulation will increase significantly, and the required interest rate hikes will then exceed expectations.

华尔街见闻•2026/10/16 00:11

Fed Officials Turn Hawkish: Daly Says Supply Shocks Should No Longer Be "Wait-and-See," Hammack Suggests More Aggressive Rate Hikes May Be Needed if Inflation Expectations Become Entrenched

Australian Dollar crumbles as job losses shatter RBA rate hike hopes

FXStreet•2026/10/16 00:04

Over $10 billion in market value evaporated in four trading days as CoreWeave (CRWV.US) debt risks trigger sell-off, but Deutsche Bank sees it as a buying opportunity

Deutsche Bank believes that the recent sell-off of CoreWeave lacks sufficient company fundamentals to justify it, and the sharp price correction has instead created a buying opportunity for investors.

智通财经•2026/10/15 22:37

Over $10 billion in market value evaporated in four trading days as CoreWeave (CRWV.US) debt risks trigger sell-off, but Deutsche Bank sees it as a buying opportunity

Overnight US Stock Market | Inflation Pressure Continues to Rise, All Three Major Indexes Up, Dell (DELL.US) Down 6.8%

At the close of trading, the Dow Jones Industrial Average rose 557.51 points, or 1.08%, to 52,178.99 points; the S&P 500 Index gained 25.18 points, or 0.33%, to 7,744.12 points; and the Nasdaq Composite Index increased by 20.16 points, or 0.08%, to 26,713.03 points.

智通财经•2026/10/15 22:37