Zcash Down 30% From November’s Top: Will Zec Price Crash Further?

Analysts warn of “pump-and-dump” risks associated with ZEC’s sudden surge in hype, even as major crypto figures maintain a long-term bullish outlook.

ZEC charts mirror BNB’s pre-crash parabola, hinting at a potential correction to the $220–$280 range next.

Analysts warn of “pump-and-dump” dynamics amid paid promotions, although some crypto veterans remain bullish long term.

Zcash (ZEC) has dropped about 30% from its November peak of $750, raising fears of deeper losses ahead, with some analysts warning of a potential “pump-and-dump.”

As of Monday, Zcash traded within a symmetrical triangle pattern on the four-hour chart, reflecting indecision among traders following its 1,500% price rally since late September.

The setup also followed a rebound from the 200-4H exponential moving average (200-4H EMA; the blue line), a key support trendline, suggesting a possible move toward the triangle’s upper boundary near the 0.786 Fib level at $686 in November.

Symmetrical triangles can break either way, depending on the broader market sentiment.

In ZEC’s case, the market sentiment remains fragile, pressured by uncertainty over Federal Reserve rate policy and stretched AI sector valuations, which are hurting risk assets.

Thus, a breakdown below the triangle’s lower trendline appeared to be the most likely outcome if prevailing macroeconomic conditions persist in the coming weeks.

Such a move could push ZEC toward its $282 downside target, which is approximately 50% below current levels, by early 2026.

Source: CoinTelegraph