ZCash Price Analysis: Why ZEC Could Reach $600 Soon

Highlights:

• ZCash is making higher lows in a bullish channel
• Continuation of the rally could send ZCash to $600 short-term
• Signs of a rebound in the broader market could send ZCash higher 

ZCash (ZEC) continues its parabolic price rally, which began more than a month ago. At the time of going to press, ZCash was trading at $518.10, representing a 20% increase in the day. This brings ZCash gains for the last 30 days to 254%, and makes it one of the best-performing cryptocurrencies in the month. However, ZCash trading volumes have dropped during the day.

At the time of writing, ZCash trading volumes stood at $1.68 billion, representing a 9.22% decline. This is an indicator that, after such a strong rally, new investors are becoming more cautious about buying ZCash. That’s because whenever an asset rallies strongly while the rest of the market is quiet, a correction often follows. This is usually due to broader market pressure and profit-taking by investors who caught the wave early.

However, the drop in volumes also indicates that the average holder is not selling their ZCash despite the price rally. It’s an indicator that the average ZCash holder is confident that the price is likely to keep pushing higher. Overall, the odds favor a continuation of the rally, with a low likelihood of a significant correction. These odds are driven by price dynamics across the market and ZCash core fundamentals. 

Broader Market Rebound Could Send ZCash Price Higher

One of the factors likely to drive ZCash momentum is the fact that the broader market is rebounding. Unlike in recent weeks when ZCash was a lone ranger, Bitcoin and most altcoins are now catching momentum. This is driving optimism that bulls may be retaking control in the market.

If Bitcoin can hold above the $100k support and continue to show positive signals, ZCash could rally to prices as high as $1000 in the short to medium term. That’s because as money starts to flow back into cryptocurrencies, those already showing strength stand to benefit the most. ZCash is particularly well-positioned to attract new capital because, unlike most cryptocurrency pumps, it is also backed by real fundamentals.

BTC 🟢
Price is moving quietly around $103K ,a calm consolidation before the next move.
Liquidity is building up for another leg up, eyeing the $105K–$106K zone next. pic.twitter.com/MbojoPXheE

— Cryptocapo_ (@iking_emkey1) November 6, 2025

Research Firm Names ZCash as the Next Bitcoin

ZCash could also continue to rally due to research stating that it could be a successor to Bitcoin. According to research by Galaxy Digital, ZCash is the natural ‘spiritual successor’ to Bitcoin. The Galaxy Digital research highlighted the dual roles of privacy and a store of value.

Such assertions by a credible industry player like Galaxy Digital could trigger a surge in capital flow into ZCash in the future. That’s because, for someone looking to invest in the next Bitcoin, ZCash could offer an impressive opportunity. It is currently trading at under $1000 and has a maximum supply of 21 million tokens. ZCash also has a halving cycle just like Bitcoin. This means it has the same potential to reach prices above $100k in the future. 

Zcash (ZEC) може стати «ідейним наступником» біткоїна на тлі зближення ринку цифрових активів і традиційних фінансів, заявив аналітик Galaxy Digital Вілл Оуенс.#Monero #Zcash #приватність https://t.co/klDoRtsgvf

— ForkLog UA (@ForklogUA) November 5, 2025

Pro-Privacy Narrative Could Help Sustain ZCash Momentum

At the same time, ZCash is likely to continue benefiting from the pro-privacy narrative building up in the market. This narrative is the primary reason ZCash and other privacy coins have done well in recent days. As FOMO around privacy coins grows, investors seeking the cycle’s top-selling narrative could send ZCash to prices above $1000 in the short term.

$ZEC – Privacy Sector Rotation in Motion

– @Zcash has surged from $34 to $297 in 60 days (~9x) and now holds near $260 ($5.4B FDV) on a 16.3M circulating supply.
– Forked from Bitcoin in 2016, $ZEC acts as “HTTPS for money,” powered by zk-SNARKs for optional privacy; users can… pic.twitter.com/gHApw1gkO4

— Deep Value Memetics (@DV_Memetics) October 15, 2025

Technical Analysis – ZCash Price Making Higher Lows In A Bullish Channel

ZCash is making higher lows in a bullish channel. If bulls sustain the current momentum, then a rally to $600 could follow in the short term. 

On the other hand, if there is a correction during the day, the key level to watch is the $479.02 intraday support. A correction through this support could send ZCash to $423 in the short term. Of these two scenarios, a rally to $600 is more likely as the broader market is also starting to stabilize.