Will ZEC Reach a New All-TIme High? | Credit: Hameem Sarwar
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Key Takeaways
The Zcash (ZEC) price trades less than 10% below its all-time high.
Zcash is forming a bearish double top pattern.
How much longer will the Zcash price continue to increase?
Zcash (ZEC) has been on a tear these past few months, climbing aggressively and now sitting just shy of its all-time high.
The privacy-focused cryptocurrency is testing a key resistance level that has held firm so far, despite momentum indicators signaling strength.
Still, growing warning signs suggest the rally could soon lose steam.
With bulls and bears at a crossroads, it’s worth taking a closer look at what’s driving Zcash’s surge — and how long the momentum might last.
Why Is Zcash Pumping?
Zcash has been in breakout mode since September, when it pushed above a long-standing diagonal resistance line.
That upward movement triggered a sharp rally, which carried ZEC to a new all-time high of $744 in early November, placing the token just shy of the next major hurdle at the $800 horizontal resistance level.
For the past two weeks, ZEC has hovered just beneath this ceiling but has not been able to clear it (red icon).
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A successful breakout could open the door to price discovery, as there is no meaningful horizontal resistance beyond this zone.
Despite the pause, momentum still leans bullish—though it’s showing signs of exhaustion.
The Relative Strength Index (RSI) has surged to a record reading near 95, and the MACD sits at an all-time high of 76, both signaling extremely overbought conditions.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
