Zcash (ZEC) Eyes $400 Breakout as Arthur Hayes and Barry Silbert Champion Privacy Coin

Key Highlights

Table of Contents

Barry Silbert, Chairman of Grayscale, endorsed Zcash as a champion of financial sovereignty
Arthur Hayes, BitMEX co-founder, suggested ZEC may reach $400 soon, with a potential long-term goal of $10,000
ZEC currently trades around $388, showing 8% weekly gains and 61% monthly growth
Critical resistance zone lies between $390–$400, with analysts eyeing $440–$447 as subsequent targets
Brazil’s regulatory authority intends to prohibit stablecoins and digital assets for international transfers starting October 1

The privacy-focused cryptocurrency Zcash (ZEC) has captured renewed interest from prominent figures in the digital asset industry. Barry Silbert, who chairs Grayscale, recently expressed support for the privacy-centric token, emphasizing that decentralized protocols are inherently resistant to centralized control and operate outside conventional monitoring systems. Silbert characterized Zcash as embodying the principles of financial autonomy.

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Zcash (ZEC) Price

Silbert’s endorsement followed Brazil’s Central Bank revelation of forthcoming regulations to prohibit stablecoins and cryptocurrencies in cross-border payment systems, with implementation scheduled for October 1. This regulatory development has redirected attention toward privacy-preserving digital currencies.

Hayes Projects $400 Milestone and Ambitious Long-Term Vision

Arthur Hayes, who co-founded BitMEX, strengthened the optimistic outlook for ZEC. Through a recent statement on X, Hayes observed that ZEC had already climbed to approximately $392 and suggested that crossing the $400 threshold appeared imminent. He also mentioned an ambitious long-range valuation target of $10,000 for the privacy token.

Ah yes – I can afford a cocktail again.$ZEC = $400????? PLS 😭😭😭😭😭 pic.twitter.com/lG1uOXXo8N
— Arthur Hayes (@CryptoHayes) May 1, 2026

Currently, ZEC is changing hands around $388, following a 24-hour peak of $392. The token has registered an 8% increase over the previous seven days and an impressive 61% appreciation across the past month. Its market capitalization stands at $6.43 billion, accompanied by approximately $597 million in 24-hour trading activity.

The cryptocurrency’s profile has expanded further with Robinhood’s recent listing of ZEC, broadening access for individual investors.

Critical Price Thresholds Under Market Scrutiny

Market participants are closely monitoring the $390–$400 range as a decisive technical level. Technical analyst Crypto Tony observed that reclaiming the $390 mark could pave the way for advancement toward $440. This price point corresponds with resistance levels identified by multiple market analysts.

$ZEC / $USD – Update
Wait on that reclaim of $390, before entering. This will open the gates for longs up to $440. pic.twitter.com/gqSCikagnF
— Crypto Tony (@CryptoTony__) May 2, 2026

Analyst LSTRADER identified a foundation near $306, which ZEC has successfully surpassed. The subsequent major resistance above $440 appears around $760–$770. Technical charts from analyst Igor demonstrate ZEC encountering a supply zone spanning $400–$420, with additional resistance positioned at $450 and $520–$550.

Analyst Pufi’s technical mapping suggests a trajectory toward $447, with indicator-driven support identified near $340 and more substantial support around $290.

Downside support levels are established at $370 initially, followed by $340–$350. ZEC has consistently formed ascending lows since rebounding from the low $300 region.

In near-term price action, ZEC traded around $394, maintaining pressure against the $390–$400 resistance barrier.