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The post Can ZCash Target New Highs After Sharp Fall This Week? appeared com. Privacy coins are having their moment. ZCash led the charge with a thunderous 1, 500% surge to $750. The rally caught fire after Gemini co-founder Tyler Winklevoss announced a $58. 9 million investment in ZEC through Cypherpunk Technologies. But the party hit a wall. ZCash dropped 30% from its yearly high, and technical analysts are warning that the parabolic run might be over. Is this a healthy correction before the next leg up, or are we watching a privacy coin bubble pop in real time? Let’s find out. ZCash Attracts Institutional Interest After Cypherpunk’s $58 Million Seed Tyler Winklevoss unveiled Cypherpunk Technologies on Wednesday, backing the venture with $58. 9 million from Winklevoss Capital. The company already purchased 203, 775 ZEC at an average price of $245 per coin, totaling roughly $50 million. The move signals serious institutional conviction in privacy-focused cryptocurrencies. According to Winklevoss on X, “Privacy is the precondition for many of our freedoms. It’s the point at which government and corporate reach an end and our individual freedoms and self-sovereignty begin.” The institutional backing adds momentum to a broader 2025 trend of small-cap firms adopting crypto-treasury strategies. ZCash Cools Off After 30% Drop From Yearly High. Is ZEC Finally Cooling Down? ZCash price chart. The altcoin rallied to a seven-year high above $730 before retreating to approximately $500. The move broke ZEC out of a long-term diagonal resistance trendline and shattered the critical $400 horizontal resistance that had capped the price for years. ZEC price analysis. The weekly chart shows ZEC creating only its second bearish candlestick since the September rally began. Price got rejected from the $750 horizontal resistance area, and the retracement has been swift. In fact, X analyst.