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

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.

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.

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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.