ZCash Rally Could Be Over – Here Are Potential Support Targets: Analyst

Share This Post

Following an impressive parabolic rally, ZCash (ZEC) has experienced a strong price correction in the last 24 hours, marked by a price loss of 14.54%. As the darkhouse tries to find price stability, renowned market analyst Ali Martinez has postulated on a potential market peak and the following implications.

$325 Or $125 – How Low Can ZCash Go? 

In no equivocal terms, ZCash has been one of the best performers of the present crypto market cycle, boasting a price gain of 1136.45% in the last year. Notably, the altcoin and surprise show-stealer has moved from below $40 in April 2025 to a peak value of $750 this November. This price surge has been strongly driven by heightened interest in privacy coins amid concerns over financial surveillance. 

However, after climbing above $700, ZCash has witnessed strong selling activity, leading to a price crash of over 10% and a price point as low as $500.  In a recent video analysis, Martinez outlined the reason behind this decline while also predicting potential support levels in the event of a sustained downtrend. 

According to Martinez, ZCash’s sojourn above $700 allowed the token to encounter major resistance around $750, which strongly opposed price movement upon last contact in 2018. Based on the historical trend, ZCash bulls would need to significantly intensify buying pressure to move past this barrier. However, if the $750 resistance zone holds strong, Martinez tips investors to expect a sustained price correction to around $325, indicating a potential 43% decline from the present price level. 

In the presence of crushing selling pressure, the analyst also notes potential for a continuous decline to around $125, which presently is the midpoint level of the parallel price range between $23.5 and $750. Nevertheless, ZCash could still maintain its present bullish structure and surge to higher levels, considering other factors, one of which is the standing expectation of an altseason as several analysts continue to back the viability of the present crypto bull run. Moreover, ZCash presents an all-time high at $5,941, indicating plenty of room for price improvement.

Related Reading: Bitcoin May Launch Recovery To $120,000 If This Condition Holds – Details

ZCash Becomes Hayes’ Family Office Second-Largest Holding

In other news, the co-founder of BitMEX and a key crypto figure has revealed his family office, Maelstrom, presently holds ZCash as its second-largest investment after Bitcoin. Hayes explained that this change in status is due to rapid price growth over the last year. However, such development only reinforces the high enthusiasm around the privacy narrative and strengthens the bullish potential of ZCash. 

At press time, the ZCash trades at $572, reporting a 165.7% gain in the last month. 

Zcash

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Ethereum Founder Breaks Silence With Major Upgrade Proposal

Ethereum co-founder Vitalik Buterin has unveiled a major proposal that could fundamentally reshape how the network handles transaction fees His new design aims to replace unpredictable costs with a

Is Bitcoin Price Preparing for a Major December Reversal?                 

The post Is Bitcoin Price Preparing for a Major December Reversal                  appeared first on Coinpedia Fintech News The current price of Bitcoin is $92,080, reflecting a 9%

XRP Price Prediction: More Bad News for Ripple as Analysts Uncover “XRP 2.0” Without the Regulatory Pressure

The post XRP Price Prediction: More Bad News for Ripple as Analysts Uncover “XRP 20” Without the Regulatory Pressure appeared first on Coinpedia Fintech News XRP Price Prediction discussions have

Report: Tokenized Gold Will Trigger the Collapse of Global Paper Gold Market

A recent report by the Blockchain Research Lab examines the advantages of tokenized gold versus current leveraged paper gold platforms, predicting that tokenization will prompt gold investors to exit

Argentina To Lift 3-Year Crypto Ban as Central Bank Allows Banks to Offer Bitcoin Services

The post Argentina To Lift 3-Year Crypto Ban as Central Bank Allows Banks to Offer Bitcoin Services appeared first on Coinpedia Fintech News Argentina, a nation where people use crypto as a daily

Bitcoin Price Prediction: Volume Surges as BTC Tests Resistance—Breakout Ahead or Bull Trap Forming?

The post Bitcoin Price Prediction: Volume Surges as BTC Tests Resistance—Breakout Ahead or Bull Trap Forming appeared first on Coinpedia Fintech News Bitcoin is back at the center of market