Will Zcash's ZEC return to $500 or higher before 2026?

Zcash (ZEC) extended its recovery, rising over 10% in 24 hours to exceed $425, marking a 41.50% increase from recent lows near $300. Analysts suggest a potential rally to $500, supported by a double-bottom structure identified around the $300–$310 region, with a breakout above $380 confirming the pattern's validity toward a $480–$500 target.

Supporting this bullish outlook is the behavior of large Zcash holders (whales), who reportedly absorbed over $100 million in selling pressure while smaller retail traders sold into the rally. This divergence suggests higher-capital accounts anticipate further price appreciation.

However, risks remain as the rebound occurred within a classic bear flag pattern, suggesting a potential downside resolution toward the $260–$280 zone. Furthermore, the Relative Strength Index (RSI) is overbought, and ZEC struggled to break the 200-4H EMA, indicating sellers might regain control.

(Source：Cointelegraph)