{"id":47420,"date":"2026-09-24T15:02:25","date_gmt":"2026-09-24T15:02:25","guid":{"rendered":"https:\/\/financialrush.com\/?p=47420"},"modified":"2026-09-24T15:02:25","modified_gmt":"2026-09-24T15:02:25","slug":"zcash-zec-slips-8-daily-heres-why-one-analyst-believes-the-price-could-crash-to-200","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=47420","title":{"rendered":"Zcash (ZEC) Slips 8% Daily: Here\u2019s Why One Analyst Believes the Price Could Crash to $200"},"content":{"rendered":"

\n<\/p>\n

The popular privacy coin has stunned the crypto community after its price exploded by over 2,600% over the past year. Its market capitalization briefly exceeded $25 billion, making it one of the 10 biggest digital assets.<\/p>\n

The main catalysts for its impressive rally included the broader market’s resurgence, the\u00a0debut of the ZEC ETP in Europe, the launch<\/a> of a spot Zcash ETF, and other factors. However, the crypto sector has seen a substantial correction over the last 24 hours, dragging the privacy coin down with it, and some analysts think the bull run may now turn into a violent crash.<\/p>\n

Is the Rally Over?<\/h2>\n

Earlier this week, ZEC surpassed<\/a> $1,600 for the first time since 2016. And while many expected the upswing to continue, the whole market headed south<\/a>, and now the privacy token is worth roughly $1,470 (per CoinGecko).<\/p>\n

X user Crypto Patel noted<\/a> that ZEC has already delivered an “extraordinary move,” adding that anyone who accumulated during 2024-2025 has witnessed a massive return.<\/p>\n

At the same time, the analyst warned people to be highly cautious in the $1,600-$2,000 range, claiming that a cup-and-handle structure suggests this could mark the local top. The market observer argued that ZEC has started showing signs of “extreme extension from a psychological perspective” following the major rally.<\/p>\n

Crypto Patel then shared a long-term prediction that is clearly bearish. They believe that if the current cycle eventually enters a distribution and downtrend phase, the price could dump below $500 in the next 1-3 years. The analyst made an even grimmer forecast, envisioning a collapse to $200 if the long-term structure completely reverses.<\/p>\n

For their part, X user Zayn recently revealed that they made $30,000 after opening a short position on ZEC. They later said<\/a> the paper profit has risen above $60,000, calling it one of their “biggest wins this year” and wondering whether to keep the position open until they potentially make $100K.<\/p>\n

Are the Bulls Coming Back?<\/h2>\n

ZEC’s recent correction shouldn’t be directly interpreted as the end of the overall upward trajectory. After all, the asset has been on a tear for quite some time, and pullbacks are an inevitable part of the whole move.<\/p>\n

Meanwhile, some investors have started abandoning centralized platforms and shifting into self-custody solutions after a period of flocking into exchanges. The latest development is clearly bullish, as it reduces immediate selling pressure and could open the door to a rebound.<\/p>\n

<\/a>
ZEC Exchange Netflow, Source: CoinGlass<\/figcaption><\/figure>\n

 <\/p>\n

The post Zcash (ZEC) Slips 8% Daily: Here’s Why One Analyst Believes the Price Could Crash to $200<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n
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