Opinion: Zcash on the Verge of a “Painful End” After a 1500% Surge

Zcash (ZEC) has risen by 1500% over the past two months, reaching $750 — its highest level since January 2018. The sharp increase followed strong support from well-known industry figures, including Naval Ravikant and Arthur Hayes.

• The asset is in a zone of strong overbought conditions, increasing the risk of correction in the coming weeks.
• If the parabolic rise continues, the price of Zcash could reach $900–1000.

Zcash (ZEC) has risen by 1500% over the past two months, reaching $750 — its highest level since January 2018.
The sharp increase followed strong support from well-known industry figures, including Naval Ravikant and Arthur Hayes.

Daily chart ZEC/USDT. Source: TradingView.

According to analysts, the weekly Relative Strength Index (RSI) of Zcash reached 94.24, the highest value ever recorded.

Historically, the altcoin’s price continues to rise for several weeks after entering the overbought zone above 70, but is then followed by a deep correction — from 45% to over 90%.

Weekly chart ZEC/USDT. Source: TradingView.

Experts note that this current rally stands out for its duration: RSI has remained above 70 since late September, making it the longest overbought period in the token’s history.

Technical analysis ZEC/USDT. Source: TradingView.

Meanwhile, several traders predict that Zcash could face a crash in the coming days.
Analyst Altcoin Sherpa called the asset “a great short position” and warned of a possible “painful end” to the ongoing rally.

Traders Edward Morra and DarkSide also believe the price could fall to $500 in November from current levels above $600.

Source: X.

Overheating Signals

According to CryptoQuant, Zcash activity in the spot market has entered an “overheating zone.”
The Spot Volume Bubble Map indicator shows the largest red cluster ever recorded.

Zcash spot volume. Source: CryptoQuant.

In 2021–2022, Zcash already lost over 95% of its value after a less intense overheating signal appeared.

Previous corrections on the weekly chart indicate that the token’s price is approaching the 20-week exponential moving average (EMA), currently around $230 — roughly 62% below the current level.

Chances of a Rebound

On the 4-hour chart, the asset remains within a steep parabolic channel and is testing a key support zone formed by the 20-EMA and the lower trendline boundary, analysts note.

4-hour chart ZEC/USDT. Source: TradingView.

If buyers manage to hold this level, the price could recover and test the upper boundary of the channel in the $900–1000 range, aligning with Arthur Hayes’s forecast — up to $1000 in 2025 and $10,000 in the long term.

Editor: Yuliya Soroka

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