Jack Paul 
ZEC Reaches Three-Year Price Peak
Privacy-focused cryptocurrency ZEC has become today’s standout performer, climbing 17% over the past 24 hours as broader market conditions show gradual improvement. This rally has pushed ZEC to its highest price point in 38 months, marking the token’s strongest performance since early 2021.
The gains extend beyond just daily movements. ZEC has surged 47% over the past week, creating significant momentum that technical analysts are watching closely. These substantial increases have coincided with a notable rise in social media discussions about the altcoin.
Social Metrics Signal Growing Interest
At the time of writing, ZEC’s social dominance sits at 0.51%, which represents a three-year high. More impressively, this metric has climbed by 458% in just the past three days alone. Social dominance tracks how frequently an asset gets mentioned across platforms compared to the rest of the market.
When social dominance increases alongside price gains, it typically indicates heightened retail attention and speculative interest. Historically, this combination has often led to short-term price boosts, though the relationship isn’t always straightforward. Sometimes the hype fades quickly, but other times it builds into something more substantial.
Technical Indicators Support Bullish Outlook
The Balance of Power indicator on ZEC’s daily chart currently reads 0.75 and continues to climb, suggesting stronger spot demand. This metric measures buying versus selling pressure, and positive values indicate buyers are gradually gaining control over price action.
This momentum shift into bullish territory increases the likelihood of sustained upward movement, though nothing in crypto is ever guaranteed. The market can turn quickly, especially with privacy coins that sometimes face regulatory uncertainty.
Key Price Levels to Watch
Currently, ZEC trades near the $79.21 support level. If demand continues and this price floor holds, the token could potentially test the $98.80 resistance zone. That would represent another significant milestone for the privacy-focused asset.
However, if profit-taking begins among early buyers, ZEC could lose some of its recent gains. A break below the $79.21 support might see the price retreat toward $67.09, though that seems less likely given current momentum.
It’s interesting to see privacy coins performing well during what appears to be a broader market recovery. Perhaps investors are diversifying beyond just Bitcoin and Ethereum, looking for assets with different value propositions. Or maybe there’s something specific driving interest in privacy features right now.
The coming days will show whether this is just a temporary spike or the beginning of a more sustained trend for ZEC. Either way, it’s certainly caught the market’s attention after years of relatively quiet performance.