Zcash (ZEC) Price Nears Another Breakdown as Bearish Pattern Repeats

After a massive rally earlier this quarter, ZEC is once again trading at the edge of a breakdown, forming the same bearish structure that preceded its last major crash.

With momentum rolling over and support under pressure, traders are now asking whether another sharp leg lower is about to begin.

Zcash Creates Bearish Pattern

The Zcash price increased inside an ascending parallel channel since the beginning of October.

While ZEC reached its cycle high of $750, the channel’s presence suggests the movement was bearish.

Zcash confirmed this by creating lower highs throughout November and then blasting 50% below the channel’s support trend line (red icon).

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The breakdown validated that the long-term is bearish and a cycle top is in place.

After the breakdown, Zcash bounced on Dec. 3.

While bulls were hopeful of a sustained rally, the charts indicate that the bounce is also occurring within an ascending parallel channel.

As a result, another breakdown similar to the previous one could occur.

Today, the Zcash price trades at the channel’s support trend line.

Similar setups in the past have ended with sharp breakdowns, and the current structure suggests history may repeat.

Will the Zcash Price Break Down?

With the Zcash price on the precipice of a breakdown, traders are wondering when the crash will occur.

Momentum indicators favor the bears, giving them the upper hand in a swift decline.

The Relative Strength Index (RSI) is below 50.

The Moving Average Convergence/Divergence (MACD) has made a bearish cross.

Once the Zcash price closes below the channel’s support trend line, a sharp decline could follow.

The closest horizontal support area is at $310, a full 22% below the current price.

So, all eyes are on the channel’s support, since once that fails, a swift plunge could follow.

Long-Term Zcash Price Prediction

While the short-term charts are bearish, they are nothing compared to the price action from the long-term charts

The Zcash price shows a completed A-B-C structure with an elongated wave C.

A bearish divergence accompanied the high, and combined with the channel breakdown, it confirms that the cycle top is in.

Based on the chart, the ongoing decrease is just the first part of a much longer downward trend.

If the prediction transpires as expected, the Zcash price will crash by at least another 45%, reaching he $240 horizontal support area.

Bearish Trend Ahead

Zcash is once again sitting at a technical breaking point.

With short-term support weakening and long-term structure already broken, the odds favor another downside move rather than a sustained recovery.

Unless ZEC can invalidate its current bearish channel, traders should prepare for a deeper retracement.

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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