Well, folks, it seems like Zcash (ZEC) has decided to take a little nap after its meteoric rise-a 1,500% surge that sent the coin to an eye-watering seven-year high of nearly $744. Naturally, this left traders scratching their heads, wondering if the parabolic uptrend has finally exhausted itself. Spoiler alert: It probably has.
According to the ever-watchful folks over at TradingView, ZEC’s rocket ride started in early September, breezing past long-term resistance at the $400 mark. But, as is often the case with these things, the thrill has faded, and analysts are nervously eyeing the horizon for signs of a crash.
Altcoin Sherpa, a trader who clearly enjoys the drama, has warned that such “steep and prolonged rallies” often “end with a sharp and painful collapse.” Charming. And just to add fuel to the fire, ZEC’s RSI recently hit a jaw-dropping 94.2, an overbought level that screams “caution.” The last time this happened? Oh, just during the 2017-2018 hype cycle. Great.
Brace Yourself: Analysts Predict a Price Plunge Toward $300-$400
Several market gurus are now gearing up for a more significant correction in the near future. Trader Greeny-because apparently we can’t have too many cryptic pseudonyms-believes this rally is “the longest in its history” and could follow the tragic path of past cycles, which ended with disastrous 45%-90% losses. Ah, the sweet smell of inevitable doom.
If you check the daily chart (and who doesn’t, right?), ZEC is stuck in what can only be described as a “corrective channel.” Translation: There’s a good chance it could drop further unless it finds some solid support around the $400 mark. So, yeah, it’s a bit of a rollercoaster right now-minus the fun part.
But wait-before you toss your ZEC into the “dump” pile, not everyone’s pessimistic. Enter Valdrin Tahiri, a technical analyst who wants to remind us that while ZEC’s RSI and MACD are in “overbought” territory, there’s no sign of a bearish divergence just yet. So, this might just be a temporary dip in an otherwise bullish trend. If the bulls can defend that $400 level, we might just be in for a bit more of the rollercoaster. Sigh, here we go again.
Arthur Hayes Sticks to His Guns: Zcash Has Long-Term Potential
And just when you thought this saga couldn’t get any more ridiculous, here comes BitMEX co-founder Arthur Hayes, stepping into the ring like a true contrarian. Hayes, despite the short-term chaos, still has faith in ZEC, forecasting that both Bitcoin and Zcash could benefit from renewed U.S. fiscal stimulus. Well, he’s nothing if not optimistic.
Hayes argues that as government liquidity increases (aka the money printer goes brrrr), privacy coins like Zcash could see a resurgence as investors scramble for decentralized, censorship-resistant assets. Because, of course, in times of uncertainty, privacy coins are the answer. Sure, why not?
While day traders squabble over every little move on the chart, long-term holders are apparently sitting pretty. Zcash’s advanced zk-SNARKs technology-basically the crown jewel of privacy-positions it as a key player in privacy innovation. So if fiscal easing pumps more liquidity into the system, ZEC might just rise like a phoenix from the ashes. Or, you know, it might not. Stay tuned.
Cover image from ChatGPT, ZECUSD chart from Tradingview
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2025-11-11 22:25