Why Zcash Could Be Vulnerable To A 50% Breakdown

Overview

The cryptocurrency market is currently facing significant challenges, with a total market capitalization around $2.89 trillion. Zcash (ZEC), a privacy-focused cryptocurrency, is showing signs of vulnerability as it struggles against bearish market forces. A prominent market analyst has highlighted potential risks that could lead to a substantial price decline.

Current Market Situation

Zcash has been experiencing erratic price movements as it attempts to navigate a turbulent market environment. Despite some resilience, it has struggled to surpass a crucial resistance level in the $750 price range. In recent trading sessions, Zcash faced rejection on two occasions after briefly exceeding the $700 mark.

Market analyst PlanD has pointed out that ZEC’s repeated failures to maintain upward momentum are jeopardizing an ascending channel that began in October. The cryptocurrency has recently dropped below the lower boundary of this channel at $672, indicating growing bearish sentiment and a weakening upward trend.

Analyst Predictions

According to PlanD, if bearish forces continue to dominate, Zcash could potentially see a significant decline, with projections suggesting a drop to around $281. Another analyst, Ali Martinez, has echoed this sentiment, suggesting that ZEC might correct to approximately $325 due to its ongoing struggles at the $750 resistance level.

While technical analysis suggests a potential price collapse, there are also fundamental developments that could provide some optimism for Zcash’s future. For example, Cypherpunk Technologies, which has connections to well-known figures in the crypto space, has recently initiated a $50 million treasury strategy for Zcash. Additionally, the upcoming Zcash halving event, scheduled for November 28, is expected to increase token scarcity, potentially driving demand and positively impacting prices.

Impact on the crypto market

• The total cryptocurrency market cap is approximately $2.89 trillion, reflecting a challenging environment for all cryptocurrencies.
• Zcash is currently trading at $490.52, having experienced a significant decline of 24.11% in the past 24 hours.
• Daily trading volume for Zcash has decreased by 6.1%, amounting to $2.24 billion.
• Despite recent declines, Zcash’s monthly performance remains impressive at 99.41%, and it has surged by 928% over the past year.
• Zcash holds a market capitalization of $7.8 billion, positioning it as the 13th largest cryptocurrency globally.

Updated: 11/22/2025, 5:18:48 PM