Zcash Rallies to $850 as Bullish Triangle Sets Sights on $1,080

Zcash's recent price surge has caught attention as it has climbed from $500 to above $850, marking one of its strongest advances in recent years.

The move coincided with growing interest around Grayscale's planned Zcash exchange-traded fund (ETF), which is set to begin trading on NYSE Arca on or about August 25, subject to regulatory approvals.

Zach Pandl, head of research at Grayscale, highlighted the token's resilience over the weekend, noting that it held near $856 despite typically thinner weekend liquidity.

A bullish triangle has formed on the short-term ZEC price chart, indicating potential upside targets of $920 and $1,080 if buyers secure a decisive breakout through the $850-$870 resistance area.