ZCash Price Prediction – Bulls Target $674 as Ironwood Upgrade Lifts Momentum

Highlights:

• ZCash jumps 11% as soaring trading volume signals strong buying ahead of the July 28 Ironwood upgrade.
• Ironwood upgrade could strengthen investor confidence by removing fake ZEC and improving supply transparency.
• ZCash breaks key resistance at $516.65, with bulls targeting $674.37 if momentum continues.

ZCash (ZEC) is outperforming most of the top 100 cryptocurrencies today, even as the broader market rebounds strongly. When writing, ZCash was trading at $558.11, up 10.97% intraday. ZCash trading volumes are also up sharply intraday, rising 53% to stand at $676.2 million. The surge in trading volume alongside the price indicates that buyers are coming in strongly and that ZCash could be headed much higher in the short- to medium-term. There are multiple factors, both external and internal to ZCash, that could send it higher going forward. 

Ironwood Upgrade Boosts ZCash Price Ahead of July 28 Launch

The upcoming ZCash upgrade, dubbed Ironwood, is the primary driver of the strong intraday momentum ZCash is exhibiting. The upgrade, set for July 28, will retire the Orchard Pool, which was found to have a bug minting fake ZEC, thereby distorting the true ZCash supply picture. The interesting part about the upcoming upgrade is that coins will not be automatically migrated from the Orchard Pool to the new pool, as is usually the case with major upgrades.

Zcash is approaching one of its most important upgrades in years.

The Ironwood upgrade is now expected to go live on July 28.

The slight delay came because some counterparties needed more time to implement the necessary changes.

What matters:

• a new shielded pool is coming… pic.twitter.com/c5ZEt5gHWn

— WHAT?! (@Solanium) July 13, 2026

Instead, token holders will have to do a manual move through a checkpoint. This will force holders of the fake tokens to either expose themselves or retire the tokens they hold with the Orchard Pool. The migration already has the support of all major exchanges, which is adding to the excitement around it in the market. If the Ironwood upgrade goes as expected and supply is cleaned up, investor confidence could surge, potentially pushing ZCash to prices above $1000 in the short- to medium-term. 

Kevin Warsh Statement Boosts ZCash and Other Risk-on Assets

Aside from the upcoming upgrade, ZCash is benefiting from the broader market rally that began after Kelvin Warsh’s statements during testimony before the Congressional Finance Committee. During the testimony, Warsh stated that the Federal Reserve would aggressively support the balance sheet in the event of a crisis. This saw investors take a risk-on pivot. That’s because it means that, even with the war in Iran threatening market stability, investors can confidently continue speculating in the markets, as they have the support of the Federal Reserve.

Chairman Kevin Warsh is an excellent choice to lead the Fed. He’s fully focused on the Fed’s dual mandate of full domestic employment and price stability. Full q&a at today’s @FinancialCmte hearing ⬇️ pic.twitter.com/azvL9lUHfS

— Congressman Andy Barr (@RepAndyBarr) July 14, 2026

The risk-on pivot has seen the major stock indices and the cryptocurrency market start to push higher again. As capital flows back, the odds are that top cryptocurrencies like ZCash could keep pushing higher for the better part of the year. 

Softening Inflation In the US Could Send ZCash Higher

ZCash is also getting a boost from the latest inflation numbers, which show that inflation is softening. This has driven up optimism that the Federal Reserve could take a dovish pivot at some point in the future. The impact is that investors could start taking even bigger bets on risk-on assets in anticipation of a major rally, with the expectation of a rate cut either this year or sometime in 2027.

ZCash is particularly well-positioned because capital entering cryptocurrencies is likely to go into the majors first. Besides, ZCash is a leader among privacy coins, making it perfectly aligned with one of the market’s biggest narratives. 

Technical Analysis – ZCash Price Pushes Through Critical Resistance

ZCash’s intraday momentum has driven its price to rally through the $516.65 resistance. If bulls sustain this momentum, ZCash could rally to $674.37 in the short term. However, if the bulls lose momentum, two scenarios could play out.

The first is a consolidation above $516.65, which is now support. The second scenario is one in which bears regain control and push ZCash back below $516.65. Such price action could send ZCash down to the $374.98 support. Of these scenarios, a rally to $674.37 is more likely in the short term. That’s because of the growing investor confidence in risk-on assets and the upcoming ZCash network upgrade.