Zcash was once one of the leading privacy coins alongside Monero. However, years of decline have pushed it outside the top 100 largest cryptocurrencies.
2025 started on a bearish note for ZEC, as the price fell over 55%. However, a rally started in February, leading to a higher low and breakout in March.
The ZEC price has fallen significantly since its cycle high of $79.77 in December 2024. The downward movement led to a low of $25, briefly causing a breakdown from the $33 horizontal support area.
$33 is a critical area since it had previously acted as resistance since July 2023 and was likely to provide support.
Zcash’z price bounced, creating a double bottom pattern (green icons) and reclaiming the support area.
Technical indicators are at make-or-break levels. The Relative Strength Index (RSI) is 50, while the Moving Average Convergence/Divergence (MACD) is 0 (black circles).
The latter is close to making a bullish cross, a sign of a trend reversal. So, immediate price action will be critical for future trends.
Let’s look at the short-term movement and see what lies ahead.
ZEC Price Breakout
The daily time frame analysis shows that ZEC broke out from a descending resistance trend line (dashed) on Feb. 13
Zcash’s breakout comes after a completed A-B-C corrective structure (red). The bullish divergences in the RSI further legitimize the price breakout.
So, the most likely ZEC prediction is an increase to a maximum of $45.63. A trend reversal toward the channel’s support at $32 could then happen.
Rally Will Not Last
The ZEC price showed impressive strength by bouncing at the $33 horizontal support area and breaking out from a descending resistance trend line.
However, the increase could be corrective, ending at a maximum of $45 and leading to a significant bearish trend reversal afterward.
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.
