- Zcash price traded to above $744 in November, reaching the highs on two occasions as privacy coins rallied.
- While sentiment took a hit as price fell amid profit-taking, the privacy coin’s token remains largely bullish.
- Bulls may target the $1,000 high.
Zcash dropped to a low of $530 as Bitcoin rebounded to near $87,000 before also paring gains.
The altcoin could revisit support again, but an upbeat market amid whale accumulation means ZEC could target the multi-year highs again in the coming weeks.
However, that optimism could get a serious dent should prices fall below $500.
ZEC falls 8% but bulls fade bears
Zcash’s latest price action tells a tale of fleeting optimism punctuated by relentless bearish momentum.
Recently, ZEC clawed its way up double digits to hit $740 highs and lead the top altcoin gainers.
A lot of the momentum got fuel from institutional whispers of accumulation.
It included aspects such as Cypherpunk Technologies’ recent ZEC treasury addition and VanEck’s projection of the altcoin were seen as a vote of confidence.
Yet, as Bitcoin crashed to lows of 80,000, even ZEC’s uptick proved ephemeral.
On November 24, 2025, ZEC dropped to intraday lows of $530 after plummeting nearly 8%.
Zcash’s intraday high of $608 nonetheless beckons after bulls bounced to $547 as of writing.
Zcash price forecast
Zcash’s trajectory hinges on technical resilience amid bearish headwinds.
The daily chart shows the price remains above the 50-day exponential moving average.
Meanwhile, the Relative Strength Index (RSI) on the timeframe reads 52.30, dipping but not beyond the neutral territory mark.
At current levels, RSI neither screams “buy” nor “oversold,” aligning with the market’s indecision.
Bulls need an upsloping direction above 500, while bears will have eye on movement below the threshold.
Despite bears threatening the recent rally, bulls have it all in front of them as they battle to keep the $530 price level.
Here’s what analysis by LunarCrush says about ZEC:
“After pricing moving up more than 1400% in the last three months, Zcash took a break this week with price moving down 20%. Social activity remains extremely strong as the 5th most mentioned coin, ranking right after $XRP and just ahead of $DOGE. $ZEC has shown to be highly correlated to moves in social activity and [social activity] is rising again.
What’s next
A revisit of the $550 zone and a retest of $600 might spell a flip to the current downward vulnerability.
In any case, trading volume falling 38% in the last 24 hours and price bouncing off key levels suggests ZEC is not in panic selling mode yet.
Buyers can seize this opportunity to push ZEC above key psychological levels.
If the privacy narrative strengthens, fresh targets could emerge above $1,000.
Long-term, Zcash’s privacy edge could catalyze further gains, with scarcity favoring bulls.
