Breaking Will Zcash's Zec Return To $500 Or Higher Before 2026?

Bullish reversal signals and rising whale demand increase ZEC’s chances of hitting $500 in December, though some caution remains warranted.

Zcash (ZEC) extended its recovery on Tuesday, rising 10.29% in the past 24 hours to over $425, or 41.50% up from the lows of around $300 a week ago.

ZEC eyes $500 as double-bottom signals and whale accumulation support the recovery.

Bear-flag risks persist, with overbought RSI hinting at a possible pullback toward $260–$280.

The sharp rebound prompted some analysts to anticipate a further rally to or above $500 in the coming days.

Trader Goomba identified Zcash’s recent swing lows as a potential double-bottom structure.

The pattern appeared to develop in the $300–$310 region, where ZEC recorded two similar troughs within a short time frame. The subsequent move above the interim resistance near $380 marked what the trader described as a neckline breakout.

Such formations carry a measured objective that places the next notable target in the $480–$500 range, coinciding with a previous supply zone.

Goomba noted that the structure remained valid as long as ZEC held above the reclaimed neckline level.

ZEC’s retail holders ($0–$1,000) and mid-sized traders ($1,000–$100,000) cut more than $30 million in net exposure during the latest rebound, according to data highlighted by trader Ardi.

Source: CoinTelegraph