Key Takeaways
Zcash (ZEC) has paced the cryptocurrency market since the start of September and reached a seven-year high of $449 today.
While the rest of the cryptocurrency market has fallen, ZEC is bucking the trend and setting new highs.
With open skies ahead due to the lack of overhead resistance, the ZEC coin could continue surging until the end of the year.
With that in mind, let’s examine the charts and determine whether the upward movement is gaining enough steam.
Since March 2020, the Zcash price has been trading within a horizontal range. During this time, it bounced between the range low of $25 and $300 multiple times, failing to break out or down.
In April 2025 (green icon), the ZEC price bounced at its previous diagonal resistance and began a massive rally.
As of today, the ZEC price has surged by over 1,800%, reaching a seven-year high of $449.
During its increase, ZEC closed above the $300 horizontal resistance area created by the 2021 cycle top and acted as the range high.
This is the first time ZEC has closed above this area, and if it confirms this level as support, the price is likely to head higher.
The alternative will be a deviation and breakdown below this area, but there are no signs to suggest this will occur.

While the Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) are overbought, neither has generated any bearish divergence.
Therefore, the ZEC price prediction remains cautiously bullish, as the rally’s overbought nature could lead to a trend reversal, despite the absence of bearish divergences.
While the price action is bullish, the wave count suggests that the ZEC price has reached its peak and will soon begin a bullish trend reversal.
Zcash’s wave count suggests that the price has begun an A-B-C correction (red) and has completed wave C.
Wave B was a symmetrical triangle, confirming this is the correct count.

Due to these Fibonacci proportions, the ZEC price is unlikely to reach a new all-time high.
Instead, the upward movement may have ended, leading to a bearish trend reversal soon.
The bearish divergences in the RSI and MACD (orange) support this ZEC prediction.
As a result, the ZEC price may have peaked and could decline for the remainder of the year.
ZEC’s parabolic rally has defied the crypto market, taking the coin to unprecedented levels since 2018.
Even though no bearish divergences exist, overbought conditions could lead to a short-term retracement.
The wave count suggests that the ZEC price has topped, and a weekly close below $300 will likely confirm new lows.