Zcash (ZEC) surged 190% in a month to $1,470, breaching 10-year highs; analysts split on whether rally continues to $5Kâ$14K or corrects.
Macro & Markets ·
Zcash has climbed to roughly $1,470, a 190% monthly gain that briefly breached its 10-year peak of $1,500. The surge has triggered sharply divergent forecasts: some analysts see room to expand toward $5,000 or even $14,000, citing price discovery and strong momentum, while others flag overextension and warn of a correction ahead.
The rally has been fueled partly by short liquidations, though skeptics argue the squeeze has begun to fade. Key bearish signals cited include continuous upward movement since $500 without a major pullback, retail enthusiasm driven by fear of missing out, elevated open interest, and limited fresh bullish catalysts. One analyst opened a $100,000 short position on the asset, while a high-profile trader holding a $18.3 million short position has incurred a $7.66 million loss.
The trajectory beyond current levels remains contested. Near-term technical targets center around $1,800, though liquidation levels and potential fresh inflows will likely determine whether buying pressure sustains or the asset faces profit-taking and mean reversion.