- Zcash traded above $744 in November, reaching new highs twice as privacy-focused coins rallied.
- Although sentiment weakened following a price pullback, the privacy token remains largely in a bullish phase.
- Bulls could target a $1,000 peak.
Zcash fell to a low of $530 while Bitcoin recovered toward $87,000 before also easing gains.
The altcoin could find support again, and a positive market backdrop amid whale accumulation suggests ZEC may aim for multi-year highs in the coming weeks.
However, this optimism would be seriously threatened if prices drop below $500.
ZEC fell 8% as bulls ceded ground to bears
Recent price action for Zcash tells a tale of fleeting optimism interrupted by persistent bearish pressure.
Not long ago, ZEC posted double-digit gains and climbed to highs near $740, making it one of the stronger movers among altcoins.
Much of that momentum was fueled by institutional whispers of accumulation.
Examples included a recent expansion of ZEC holdings by Cypherpunk Technologies and VanEck’s bullish outlook for the altcoin, both seen as signals of confidence.
Still, when Bitcoin dipped toward the $80,000 area, ZEC’s rally proved short-lived.
On November 24, 2025, ZEC fell to an intraday low of $530 after dropping nearly 8%.
However, an intraday high of $608 looks achievable again after bulls pushed the price back to $547 at the time of writing.
Zcash price outlook
ZEC’s trajectory depends on technical resilience during bearish episodes.
On the daily chart, the price remains above the 50-day exponential moving average.
Meanwhile, the relative strength index (RSI) reads 52.30 for the period — a decline but not below the neutral threshold.
At the current RSI level the market is neither a clear “buy” nor “overbought,” reflecting indecision among traders.
Bulls need to hold momentum above $500, while bears will be watching for a break below that level.
Although bears threaten recent gains, bulls remain active and are fighting to keep the price near $530.
Here’s what LunarCrush’s analysis notes about ZEC:
“After a price surge of more than 1,400% over the past three months, Zcash took a breather this week and the price dropped by 20%. Social activity remains very strong as the fifth most mentioned coin, right behind $XRP and just ahead of $DOGE. $ZEC has shown strong correlation with social activity movements, and social activity is rising again.”
What comes next
A renewed probe of the $550 zone and a retest of $600 could signal a reversal of the recent vulnerability.
Trading volume fell 38% over the past 24 hours, and the price rebound from key levels suggests ZEC is not yet in a panic sell-off.
Buyers may view this pullback as an opportunity to push ZEC above critical psychological thresholds.
If the privacy narrative strengthens, new targets above $1,000 could emerge.
Over the longer term, Zcash’s privacy advantage could catalyze further gains, with scarcity dynamics likely to favor bulls if demand continues to increase.