Zcash's remarkable resurgence continues as the privacy-focused cryptocurrency extends its rally ahead of its November halving event. ZEC price surged to $658, marking a 20% daily gain and 200% monthly increase. The upcoming halving will reduce block rewards, enhancing scarcity similar to Bitcoin's mechanism. Growing adoption of privacy features is evident with shielded pool holdings increasing 60% monthly. Institutional interest strengthens as Grayscale's Zcash Trust assets surpassed $151 million. Technical indicators show strong bullish momentum with support near $550 and resistance around $700-$720. Analysts project potential targets above $1,000 if current trends persist.
