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.
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 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.
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.
