Zcash trades in an ascending channel while Cypherpunk loads up on ZEC | Credit: Hameem Sarwar
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Key Takeaways
Cypherpunk Technologies disclosed that it bought 56,418 ZEC.
The company says it aims to accumulate at least 5% of the total ZEC supply.
Zcash’s price remains in an uptrend, but it is facing resistance near $551.
Over the last 24 hours, the Zcash (ZEC) price has struggled to maintain its current value.
Yet, year-to-date, the altcoin is one of the best-performing cryptos, registering an 800% price increase.
At the time of writing, Zcash’s price wobbles around $523.54. Interestingly, despite the recent muted price action, notable accumulation has occurred, with Cypherpunk leading the charge.
Here is how much the firm has accumulated, and what it could mean for the ZEC’s price.
Cypherpunk Adds More Zcash
For those unfamiliar, Cypherpunk Technologies (ticker CYPH) is a Nasdaq-listed firm backed by Gemini co-founders Tyler and Cameron Winklevoss.
On Dec. 30, the company disclosed that it had expanded its Zcash treasury. Specifically, it disclosed that it added 56,418 ZEC for $29 million.
“Cypherpunk has accumulated an additional 56,418 ZEC for $29 million at an average price of ~$514 per ZEC. As of 12/30/25, we ZODL ~1.76% of the network,” The firm highlighted.
However, it does not seem like the company will stop accumulating ZEC anytime soon.
According to Chief Investment Officer (CIO) Will McEvoy, the firm plans to hold a minimum of 5% of the total Zcash supply.
“We plan to own at least 5% of the network. The world is nearing peak surveillance. This is the least private moment in human history. Betting on Zcash is betting on a return to the norm,” McEvoy disclosed.
4-Hour Analysis Remains Bullish
On the 4-hour chart, Zcash’s price remains within an ascending channel, with bulls successfully defending support near $515.74.
However, upside momentum has stalled in the short term.
ZEC recently failed to break through resistance at around $548.71, suggesting that sellers remain active at higher levels. Importantly, the price has not yet lost its key moving average support.
Furthermore, Zcash’s price remains above its short-term EMAs, and the 20 EMA has crossed above the 50 EMA, forming a golden cross, often viewed as a signal of strengthening trend momentum when supported by follow-through.
Should this trend persist, ZEC’s price is likely to trade higher in the short term.
ZEC Price Outlook: Higher Highs Soon
On the daily chart, Zcash’s price shows a similar structure. As shown below, the price action remains contained within an ascending channel, indicating that the broader trend still favors continuation as long as support levels are maintained.
Furthermore, the Chaikin Money Flow (CMF) remains in positive territory near 0.06, suggesting inflows continue to outweigh outflows.
However, the Supertrend remains a limiting factor. Its red band is still positioned above price, acting as overhead resistance and signaling that bullish control is not yet fully confirmed.
If accumulation continues to build and ZEC clears resistance near $551.76, the next upside objective sits around $594.17 in the short term.
Over a longer horizon, a sustained trend continuation could place $743.64 into focus. That said, the bullish case remains conditional.
If buying pressure fades and momentum weakens, ZEC’s price could lose its upward structure and retrace toward $476.83, which becomes the next downside support level to watch.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
