bullish

Zcash

Altcoin

Spot

Key takeaways:
<ul>
 <li>ZEC is extremely overbought on the charts, risking a correction in the coming weeks.</li>
 <li>Zcash can still rally toward $900–$1,000 if the parabolic advance holds.</li>
</ul>
Zcash (<a href="https://cointelegraph.com/zec-price-index" rel="noopener noreferrer nofollow" target="_self">ZEC</a>) has skyrocketed by about 1,500% in the past two months, surging to $750 — its highest level since January 2018 — especially following endorsements from prominent crypto figures such as <a href="https://cointelegraph.com/news/why-is-zcash-zec-the-only-crypto-pumping-right-now" rel="noopener noreferrer nofollow" target="_self">Naval Ravikant</a> and <a href="https://cointelegraph.com/news/arthur-hayes-zcash-second-largest-holding-maelstrom" rel="noopener noreferrer nofollow" target="_self">Arthur Hayes</a>.
<figure>
 <img alt="Zcash may see ‘violent end’ as ZEC price rallies 1,500% in just two months" src="https://s3.cointelegraph.com/uploads/2025-11/019a6dfb-9f88-7b10-8812-a61ba29c2461" title="">
 <figcaption style="text-align: center;">
 ZEC/USDT daily chart. Source: TradingView
 </figcaption>
</figure>
In particular, Hayes <a href="https://x.com/CryptoHayes/status/1986332585115488641" rel="noopener noreferrer nofollow" target="_blank">projects</a> ZEC’s price to reach $1,000 in 2025 and $10,000 in the long term. However, technical indicators suggest significant downside risks, and traders should be wary of a substantial price correction.
<h2 id="zec-is-now-most-overbought-on-record">ZEC is now most overbought on record</h2>
ZEC’s weekly <a href="https://cointelegraph.com/news/here-s-3-ways-the-relative-strength-index-rsi-can-be-used-as-a-sell-signal" rel="noopener noreferrer nofollow" target="_self">relative strength index (RSI)</a> reading reached 94.24 this week, its highest on record.
Historically, ZEC’s price can continue to rally for several weeks after entering the overbought zone above 70, often followed by sharp multimonth corrections ranging from 45% to over 90%.
<figure>
 <img alt="Zcash may see ‘violent end’ as ZEC price rallies 1,500% in just two months" src="https://s3.cointelegraph.com/uploads/2025-11/019a6e19-1e7b-769c-afcc-62718be22209" title="">
 <figcaption style="text-align: center;">
 ZEC/USDT weekly chart. Source: TradingView
 </figcaption>
</figure>
What makes the current rally unique is its duration. ZEC’s relative strength index, or <a href="https://cointelegraph.com/news/here-s-3-ways-the-relative-strength-index-rsi-can-be-used-as-a-sell-signal" rel="noopener noreferrer nofollow" target="_self">RSI</a>, has remained above 70 since late September, marking the most extended sustained period of overbought conditions in Zcash history.
<figure>
 <img alt="Zcash may see ‘violent end’ as ZEC price rallies 1,500% in just two months" src="https://s3.cointelegraph.com/uploads/2025-11/019a6e1d-4499-7a98-96e9-cb28c548ceff" title="">
 <figcaption style="text-align: center;">
 ZEC/USDT weekly chart. Source: TradingView
 </figcaption>
</figure>
Several analysts anticipate ZEC will undergo a sharp correction in the coming days as a result. That includes Altcoin Sherpa, who <a href="https://x.com/AltcoinSherpa/status/1987849200311099552" rel="noopener noreferrer nofollow" target="_blank">said</a> it is a “great short” and may suffer a “violent end.”
Trader <a href="https://x.com/edwardmorra_btc/status/1987840744279691454" rel="noopener noreferrer nofollow" target="https://x.com/edwardmorra_btc/status/1987840744279691454">Edward Morra</a> and <a href="https://x.com/CryptoDarkSide4/status/1987848428030697925" rel="noopener noreferrer nofollow" target="https://x.com/CryptoDarkSide4/status/1987848428030697925">DarkSide</a> wrote that ZEC’s price may drop to $500 in November from its current prices above $600.
<figure>
 <img src="https://s3.cointelegraph.com/uploads/2025-11/019a6e38-61e9-7e5d-93ac-2e29b9d5f18f" alt="Zcash may see ‘violent end’ as ZEC price rallies 1,500% in just two months">
 <figcaption style="text-align: center;">
 Source: <a href="https://x.com/PostyXBT/status/1987825248004149632" rel="noopener noreferrer nofollow" target="https://x.com/PostyXBT/status/1987825248004149632">X</a>
 </figcaption>
</figure>
<h2 id="zec-spot-volume-metric-flashes-warning">ZEC spot volume metric flashes warning</h2>
ZEC’s market activity entered an “overheating” zone, with the most significant red cluster on record, according to <a href="https://cryptoquant.com/asset/zec/chart/market-indicator/spot-volume-bubble-map?window=DAY" rel="noopener noreferrer nofollow" target="_blank">CryptoQuant’s Spot Volume Bubble Map</a>.
<figure>
 <img alt="Privacy, Markets, Zcash, Tech Analysis, Market Analysis, Altcoin Watch" src="https://s3.cointelegraph.com/uploads/2025-11/019a6e43-d0ec-72be-aee5-590d4a3d83e4" title="">
 <figcaption style="text-align: center;">
 Zcash spot volume bubble map. Source: CryptoQuant
 </figcaption>
</figure>
In 2021-2022, ZEC crashed by over 95% after printing a relatively less severe signal.
Previous overbought corrections on the weekly chart indicate that the ZEC price is approaching its 20-week exponential moving average (20-week EMA, represented by the green wave).
Related: <a href="https://cointelegraph.com/news/the-truth-behind-zcash-comeback-in-2025" rel="noopener noreferrer nofollow" target="https://cointelegraph.com/news/the-truth-behind-zcash-comeback-in-2025">Truth behind comeback of privacy-focused protocol Zcash in 2025</a>
As of Monday, the EMA wave is sitting about $230, almost 62% below the current prices.
On the four-hour chart, ZEC remains within a steep parabolic channel, currently testing a key support confluence formed by the 20-day EMA and the lower parabola trendline.
<figure>
 <img alt="Zcash may see ‘violent end’ as ZEC price rallies 1,500% in just two months" src="https://s3.cointelegraph.com/uploads/2025-11/019a6e33-5635-7358-9ce2-eb3619ca1a53" title="">
 <figcaption style="text-align: center;">
 ZEC/USDT four-hour chart. Source: TradingView
 </figcaption>
</figure>
A successful rebound from this zone could reignite bullish momentum, however, and push prices toward the upper range of the pattern, roughly $900 to $1,000, aligning with Hayes’ aforementioned prediction.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Zcash may see ‘violent end’ as ZEC price rallies 1,500% in just two months

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