Can the Zcash (ZEC) Price Increase Continue Until 2026?

Key Takeaways

The Zcash (ZEC) price reached a high of $515 today.
ZEC might be near the top of an A-B-C correction.
Can ZEC sustain its upward movement the rest of the year?

Zcash (ZEC) has been one of the few cryptos that have performed well over the past month.

After breaking out from a symmetrical triangle, ZEC rallied by 1,200% with only minor retracements.

However, there are warning signs that suggest the top is close.

Let’s examine the charts and figure out what lies ahead this year.

ZEC Price Increases

The ZEC price action has shown a parabolic increase since the price broke out of a symmetrical triangle in September.

There has been virtually no retracement since ZEC surged by 1,200% to a high of $515.

Zcash had stayed dormant for several years, so this is the highest price since 2018.

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Is ZEC Close to a Top?

The short-term six-hour ZEC chart aligns with the long-term one, suggesting that the price increase may soon come to an end.

The reason for this is that ZEC has been moving inside an ascending wedge since Oct. 23.

ZEC Short-Term — ZEC/USDT Six-Hour Chart | Credit: Valdrin Tahiri/TradingView

Additionally, it has completed a five-wave upward movement (black) during this time, indicating that the rally is nearing its end.

In the scheme of the longer-term wave count, this is likely wave five (green) in the proposed wave C.

Therefore, both the long- and short-term counts suggest that a top is near.

ZEC Daily — ZEC/USDT Daily Chart | Credit: Valdrin Tahiri/TradingView

When combined with the bearish divergences and the unsustainable nature of the parabolic increase, all signs indicate a significant ZEC price top is soon to come.

ZEC Top is Close

With both long- and short-term wave counts near a top, Zcash’s rally appears to be approaching a major turning point.

The combination of bearish divergences, an extended wave structure, and the unsustainable pace of its rally signals that a significant price decrease could follow.

While ZEC could potentially extend its rally to $586, a significant price drop will follow.

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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.

About the Author

Valdrin Tahiri

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.

[email protected]

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Zcash (ZEC) Price Hits 2,800 Day High After Crossing $520

ZEC Price Increases

Is ZEC Close to a Top?

ZEC Top is Close

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