Zcash (ZEC) has reached a new all-time high of $388, driven by a surge in demand for privacy coins and notable endorsements. The cryptocurrency has seen an 89% increase over the past two weeks, overtaking Monero (XMR) as the leading privacy-focused digital asset. Currently, 28% of Zcash's total supply, amounting to over 4.5 million ZEC, is held in shielded addresses, highlighting the growing adoption of its zk-SNARK privacy protocol. The price rally has been further supported by significant short liquidations, with ZEC futures experiencing $65 million in liquidations over the past two weeks. Despite trading above key moving averages, Zcash faces resistance between $370 and $400, with analysts monitoring a potential 30% pullback to the $260–$270 range.