Zcash (ZEC) Price Jumps 20% as Bulls Try to Reclaim $375 — Is a Bigger Rally Ahead?

Zcash is suddenly showing signs of life again after a brutal 55 percent drop, sparking renewed interest across the market.

With ZEC reclaiming critical short-term levels, traders are now asking the key question: Why is Zcash going up, and can the rally continue?

The charts display a rare setup where a failed breakdown could send Zcash sharply higher, but the long-term trend still raises major concerns.

Here’s what’s happening beneath the surface.

Why is Zcash Going Up?

While the Zcash price led the crypto market at the start of November, the trend has shifted since then.

The ZEC price fell under a diagonal resistance in the past ten days, losing more than 55% of its value.

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At the start of December, the Zcash price broke down from the $375 horizontal support area.

Since the area had been in existence for more than a month, the breakdown was expected to cause a significant price crash.

However, this was not the case.

Instead, the Zcash price reversed its trend and is attempting to reclaim the area again.

If successful, it will render the breakdown invalid.

Failed breakdowns often lead to significant upward movements, so if that happens, the ZEC price could surge.

ZEC Could Break Out

Zooming in on momentum indicators suggests that the Zcash price is very close to breaking out. 

• The Relative Strength Index (RSI) broke out from a diagonal resistance.
• The Moving Average Convergence/Divergence (MACD).

While neither of the indicators is yet in bullish territory, a breakout remains the most likely scenario.

This is because an RSI and MACD breakout often precedes the price breakout.

So, the most likely future movement is a 30% price increase to $475.

Long-Term ZEC Price Prediction

While the ZEC price may bounce in the short-term, the long-term chart tells a different story.

Since Zcash broke down from its long-term ascending parallel channel, its bullish structure has ended.

The charts show that the ZEC price bounce (green icon) happened at the 0.618 Fibonacci retracement support level.

Even if a downward movement is impulsive, the price of an asset often bounces at this Fibonacci level.

Therefore, the ongoing bounce is a temporary recovery from the previous bearish trend.

This time frame indicates that even if the ZEC price reaches $475, the trend will still not be bullish.

Rather, another downward movement will happen eventually, taking the Zcash price to new lows.

Corrective Rally Ahead

Zcash finds itself in a fascinating yet fragile position.

The short-term charts show a bullish reclaim setup that could propel ZEC 20–30 percent higher.

Yet the higher time frames warn that this rally is just a pause in a much larger downtrend.

The key level to watch is $375.

• Hold above it, and Zcash may squeeze higher into $475.
• Fail to reclaim it, and the bearish trend resumes.

Either way, the next move is likely to be sharp, regardless of its direction.

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.

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