- The 20-day exponential moving average acts as the dynamic support for the Zcash price.
- According to the released Q1 report, Zcash Foundation logged $36.7 million in liquid treasury assets as of March 31, 2026.
- The Foundation clarified that Zcash network operations remain decentralized and uninterrupted.
Zcash, the privacy-focused cryptocurrency, is up 2.16% during Wednesday’s U.S. market hours to currently exchange hands at $587. The buying pressure resonates with a broader market uptick as Bitcoin halts its ongoing corrections at the $78,000 floor. Investors’ interest has shifted to ZEC again as the Zcash Foundation recently dropped its Q1 2026 report, revealing the quarter’s balance sheet, regulatory developments, and infrastructure buildout. Is Zcash price ready to reclaim the $700 level?
Zcash Foundation Releases Q1 2026 Report Amid Ecosystem Shakeup
The Zcash Foundation has released its first quarter 2026 report, which shows a monthly average operating cost of $272,539 and total liquid assets in the treasury of about $36.7 million as of March 31. The total spending for the quarter was $817,618, of which $592,565 was for team expenses.
The quarter saw an internal struggle at Electric Coin Company with governance issues leading to the departure of much of its developer staff. The Foundation intervened to make it public that the Zcash protocol is not operated by any single organisation and that there was no interruption of block production or transaction settlement during this time.
The U.S. Securities and Exchange Commission has dropped its investigation into the Foundation that began in August 2023 without recommending any enforcement action. The investigation was launched on the basis of a subpoena, and the closure of the inquiry has lifted a legal cloud that had been cast on the organisation for almost three years.
During the quarter, infrastructure development continued to pick up pace even after ECC’s DNS seeders went offline. Within days, the Foundation was able to introduce replacement seeders all over the U.S. and Europe, and had independently announced a Rust-based DNS seeder, with rate limiting and integration with Prometheus monitoring.
Two significant Zebra releases were sent, i.e., 4.0.0 for observability, streamlined operations, and 4.1.0 for expanded monitoring with comprehensive Prometheus metrics. The Z3 stack, which is a combination of Zebra, Zaino, Zallet, and native integration with Tor, also started during this time. The Foundation’s threshold signing implementation, FROST, is now at a release candidate for 3.0.0, which adds default cheater detection and a new key refresh mechanism.
Governance polling for Network Upgrade 7 drew participation from 57% of ZCAP members and coinholder votes representing 7.25% of circulating ZEC. Responses for Project Tachyon and Orchard Quantum Recoverability were favorable, but there were significant differences in answers for proposals relating to Zcash Shielded Assets, issuance smoothing, and Consensus Accounts between the ZCAP and coinholder communities that the Foundation recognized but did not resolve.
Market response to this report was briefly positive as the Zcash price jumped 1.86% on Tuesday, and showed a suitable follow-up today with a 2.16% surge.
Technical Indicators Suggest a Healthy Correction in Zcash Price
In the last two months, the Zcash price has shown a high-momentum rally from $207.8 to a recent high of $643, accounting for a 209% jump. Amid the ongoing geopolitical uncertainty, the coin price experienced a brief pullback to $488.57 before rebounding to the current trading value of $587.
The daily time frame chart showed several such pullbacks in the current recovery trend, as they allow buyers to recoup the exhausted bullish momentum. Interestingly, the latest retracement bounced from the 20-day exponential moving average and above the 38.2% fibonacci retracement level.
Theoretically, both indicators suggest a health pullback in the Zcash price that could bolster a continued recovery momentum ahead. With sustained buying, the buyers could breach the immediate resistance of $643 and extend their rally to the November 2025 high of $743.
On the contrary, if the ZEC price witnesses constant supply pressure at $643 resistance, the sellers could attempt a breakdown below the 50-day EMA slope to invalidate the bullish thesis.
