ZEC - Zcash coin analysis today, October 31, 2026 - The coin making a strong comeback:

Current price:

- $1,267 - $1,287, up +0.9% to +4.29% in 24 hours

- Week: +6.6% to +10.98%, month: -8% to -11%, year: +234%

- Market cap: $20.8B - $21.8B, ranked #9 - #10 globally, back in the Top 10

- Volume: $895M to $5B, futures Open Interest: 1.5M ZEC = $1.89B (+13% today), Funding Rate +0.0081% means longs are in control

- Supply: 16.22M of 21M (77.8% mined); ATH: $3,191 in 2016, still 59.9% below the peak

Why is it rising today?

1. Real demand, not leverage: analysts say today's rise is driven by spot buying, not leverage

2. ETF news: inflows for 8 consecutive days since October 20 (source unconfirmed, but everyone's talking about them)

3. NU7 Upgrade: set to activate at block 3,543,405 around November 5, 2026 - it will reduce block time from 75 seconds to 25 seconds, making the network 3 times faster

4. Funding dispute: On October 30, the Tachyon team, led by Zcash founder Sean Bowe, and Shielded Labs proposed ending future ZCG funding in exchange for a donation of 50,000 ZEC. On the same day, ZCG proposed transferring 36,200 ZEC ($46M) and relinquishing 62,000 ZEC ($78.5M) - the market sees this as positive for reducing spending

Technical analysis:

- Signals: Short-term Buy signal

- RSI (14): 51.8 - Neutral

- MACD: Bullish

- SMA 50/200: Golden Cross (50 above 200)

- 26 bullish indicators versus only 2 bearish - 93% Bullish

- Price is above the 20 EMA ($1,247) and 50 EMA ($1,208), and the 20 EMA is above the 50 EMA = bullish alignment

- Today's support and resistance levels:

- Short-term support: $1,279, then $1,265 and $1,254; strong support at $1,120 - $1,122

- Resistance: $1,288, then $1,319.13 (the high that's stopping the rise this month), then $1,345 - $1,389 and $1,502 - $1,683

- September high: $1,700.07

- Scenarios:

- Bull: Daily close above $1,319.13 = target $1,502, then $1,700 (+34%)

- Bear: Close below the uptrend and $1,247 = drop to $1,201, then $1,100 (-13%)

Forecast:

- This week: between $1,268 and $1,315

- End of 2026: average of $1,479 to $1,585 (+23%)

- One year: $2,013 (+56%) to $2,600 (+105%)

- 2030: $8,092 (+530%), according to CoinCodex

Summary:

ZEC has come back strongly as the #1 privacy coin, benefiting from the Privacy narrative in 2026 + the NU7 upgrade + ETF inflows. Technically, it's in an uptrend with rising higher lows, but $1,319 is the key level.

- For trading: enter above $1,288 with a $1,254 stop; targets: $1,319, then $1,502

- For holding: strong project, but high volatility (4.82% daily); 77% of the supply has been mined, with little left

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