Key Takeaways
Zcash (ZEC) is pacing the crypto market again this month, hitting a seven-year high of $375.
The surge followed a bullish prediction from Arthur Hayes, setting a target of $10,000.
Even though the rest of the crypto market crashed, ZEC defied it, and the coin is making another attempt to reach new highs.
With the ZEC price attempting to reclaim its final horizontal resistance level, the rest of the year could be bullish if the upward trend continues.
Since 2020, the Zcash price has traded inside a horizontal range between $25 and $300, bouncing between support and resistance multiple times.
Following the most recent bounce at support in April (green icon), ZEC initiated a spectacular rally, resulting in a 1,700% increase and reaching a high of $375 this week.
The high is slightly above the 2021 high of $374, making it the highest price since the beginning of 2018.
Another bullish sign is that ZEC has closed above its range high for the first time.
It will confirm that the upward movement will continue if it validates this as support.
If that happens, the ZEC price prediction will be bullish, and the rally could continue to new highs.
Momentum indicators are overbought but do not show any signs of weakness in the form of bearish divergences.

Nevertheless, the Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) are at all-time highs.
As a result, the ZEC projection remains bullish; however, caution is warranted due to the rally’s overbought nature.
The wave count suggests that the ZEC price is close to reaching its peak and will soon reverse its trend.
Zcash’s wave count shows a completed A-B-C correction (red), with a symmetrical triangle for wave B.
Wave C is nearing the 2.61 length of wave A, so that the upward movement could end soon.

The triangle suggests the wave count is corrective, so the ZEC price is unlikely to reach a new all-time high this cycle.
The upward movement could end near $430, supported by the bearish divergence in the RSI (orange).
Afterward, a new downward movement could follow, taking the price of ZEC down to new lows.
The ZEC to Bitcoin (BTC) chart also gives a bullish prediction.
Zcash has rallied parabolically since August 2025, increasing by 1,000% to a high of ₿0.0033.
During its ascent, ZEC broke out from the ₿0.0007 and ₿0.0020 horizontal resistance levels without retracement.

If the upward movement continues, the closest resistance will be at ₿0.0046.
Since ZEC has a clear road ahead, the coin could continue surging until it reaches its target.
ZEC’s parabolic rally has reignited bullish sentiment across the market, with the coin now testing levels unseen since 2018.
While indicators remain strong, the overbought conditions hint that a short-term retracement is near.
If ZEC holds its breakout level as support, the bullish structure will likely stay intact.
However, failure to do so could trigger a deeper correction before the next leg of the upward trend.