Should You Buy or Sell Zcash? Exploring Future Predictions for ZEC's Price at $885

A potential rally to $885 and even $1,036 could occur in the near future.
Traders may consider buying, but it's likely too late for long-term investors.
Zcash (ZEC) made an impressive recovery from a recent dip to $424, marking a significant 43.42% drop from its peak.
In the wake of Bitcoin's 8% decline since November 7, ZEC has also seen an 8.98% drop.

Key Takeaways

A potential rally to $885 and even $1,036 could occur in the near future.
Traders may consider buying, but it's likely too late for long-term investors.
Zcash (ZEC) made an impressive recovery from a recent dip to $424, marking a significant 43.42% drop from its peak.
In the wake of Bitcoin's 8% decline since November 7, ZEC has also seen an 8.98% drop.

Is now the right moment to buy or sell Zcash? Are the recent price shifts a sign of bullish strength or something else?

Should You Buy or Sell Zcash? Exploring Future Predictions for ZEC's Price at $885

The Zcash Decision: Buy, Sell, or Hold?

Zcash 1-day Chart
Source: ZEC/USDT on TradingView

Recently, a bearish divergence has emerged between the price and momentum of Zcash on the daily timeframe. This suggests that a retracement may be imminent, potentially bringing prices back down to around the $500 mark.

This divergence indicates heightened volatility risk in the short term. However, if we take a broader view, the optimal time to buy ZEC has passed. Current conditions point towards long-term holders contemplating selling their ZEC holdings.

For those aiming to make a profit, the current risk outweighs the potential rewards. Although the privacy narrative surrounding ZEC could still push it towards $880 and $1,030, it's essential to be aware of the considerable downside risk involved.

Zcash 1-week Chart
Source: ZEC/USDT on TradingView

Mid-2024 saw ZEC establishing a bullish weekly structure after overcoming the $35.59 mark in the first week of August. By late 2024, the $47 resistance was broken, leading to a retracement that tested the demand zone at $30 in early 2025, marked by the cyan line. This shift toward a bullish structure and breaking past significant resistance levels provided indicators for buying Zcash.

Since September, the privacy narrative for ZEC has gained momentum, reaching new heights by October. The combination of technical strength and a compelling narrative has inspired a surge in prices.

Rather than purchasing ZEC at this moment, investors should consider conducting research to identify tokens with a solid use case or a compelling narrative that have also demonstrated a strong price structure, using ZEC’s previous performance as a reference point.

In a recent discussion on X, Bitwise Asset Management CEO Hunter Horsely invited Crypto Twitter users to share their views on Zcash versus Bitcoin, emphasizing loyalty to "only Bitcoin." Critics highlighted that nothing fundamental had shifted for Zcash in the past six months. The recent price increase was attributed more to hype, FOMO, and a robust privacy thesis rather than any substantial improvements in the project.

For newcomers to the Zcash market, there exists a high risk with relatively low rewards. A more prudent strategy would involve searching for alternative tokens that have successfully broken through key resistance levels and are currently revisiting critical demand zones.

Disclaimer: The information provided in this article does not constitute financial, investment, trading, or other forms of advice and reflects solely the author's opinion.