Zcash may see ‘violent end’ as ZEC price rallies 1500% in just two months
1 min read
Key takeaways:
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ZEC is extremely overbought on the charts, risking a correction in the coming weeks.
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Zcash can still rally toward $900–$1,000 if the parabolic advance holds.
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ZEC spot volume metric flashes warning
ZEC’s market activity entered an “overheating” zone, with the most significant red cluster on record, according to CryptoQuant’s Spot Volume Bubble Map.
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: Truth behind comeback of privacy-focused protocol Zcash in 2025
As of today, the EMA wave is sitting around $230, almost 62% below the current prices.
On the 4-hour chart, ZEC remains within a steep parabolic channel, currently testing a key support confluence formed by the 20-EMA and the lower parabola trendline.
A successful rebound from this zone could reignite bullish momentum, however, and push prices toward the upper range of the pattern, roughly between $900 and $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.
