Zcash (ZEC) Price Springs Back to Life With 12% Daily Surge

Key Takeaways

• Zcash (ZEC) reclaimed the $33 horizontal support area.
• Has ZEC finally started a delayed bullish trend reversal?
• Interested in buying or selling ZCASH (ZEC) coins? Read our review of the best exchanges to buy and sell ZCASH (ZEC) coins.

Once a leading privacy coin alongside Monero, Zcash has become largely irrelevant in the crypto market cycle, falling outside the top 100 largest cryptocurrencies.

A strong bounce on March 26 propelled ZEC to the 98th spot despite lacking a strong news catalyst. While this increase is minor compared to its lengthy downtrend, it could potentially mark the start of a bullish trend reversal.

Will this rally gain traction, or will ZEC continue its steady downtrend, which has been in place since 2018? Let’s find out.

ZEC Price Prevents Breakdown

The weekly time frame ZEC analysis shows that the price has fallen by 35% since its cycle high of $79.91 on Dec.2, 2024.

The downward movement led to a low of $25 in February 2025, causing a breakdown from the $33 horizontal support area.

However, the Zcash price created a higher low (green icons) in March and reclaimed the area, invalidating the breakdown. A weekly close above $33 will confirm this.

While the ZEC price has bounced, technical indicators do not share this positive outlook. On the contrary, the Moving Average Convergence/Divergence (MACD) fell into negative territory.

The Relative Strength Index (RSI) also trends downward and has just crossed below 50. So, the weekly time frame is undetermined on whether the ZEC trend is bullish or bearish.

Beginning of a New Rally?

The daily time frame ZEC analysis has a more bullish bias. However, similar to the weekly time frame, it does provide mixed signs.

The price action shows that ZEC broke out from a descending resistance trend line (dashed), signifying a bullish trend.

However, the movement since the breakout is contained inside an ascending parallel channel suggests it is corrective.

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The decline since the cycle high is an A-B-C corrective structure (red). But, the increase inside the channel also resembles a corrective structure.

Technical indicators are the sole reading decisively bullish since the RSI and MACD catalyzed the breakout with bullish divergences (orange), strengthening its credibility.

The $45.63 area presents a combination of resistances created by the 0.382 Fibonacci retracement resistance level and by the channel’s resistance trend line.

So, the reaction once the ZEC price reaches that level will determine whether the future trend is bullish or bearish.

No Clear Signals Emerge

Surprisingly, Zcash paced the crypto market in the past 24 hours with a 12% price increase. Despite the rally, ZEC still trades inside a corrective pattern.

While ZEC could reach the pattern’s resistance at $45.63, the future trend remains unclear. Rallying above this level would increase the likelihood of a longer-term bullish trend reversal.