ZCash Price Forecast: Why ZEC Could Rally to $678 Soon

Highlights:

• ZCash is consolidating between $534 resistance and $494.08 support 
• Rally through $534 resistance could push ZEC to $678
• Pro-privacy coin narrative could send ZEC higher

ZCash is one of the few cryptocurrencies showing strength today. At the time of writing, ZCash was trading at $504.38, up by 5.02% in the day. However, even as the price starts to pick up momentum, ZCash trading volumes have dropped during the day. They are down by 15.11% to stand at $1.77 billion. 

This is an indicator that even though the price of ZCash is starting to gain momentum again, investors are cautious about buying ZCash at current prices. On the good side, it means that the average ZCash holder is not looking to sell their ZCash. Both the caution by new investors and the willingness to HODL by those already with ZCash are backed by facts. 

ZCash Fast Rise Raises Crash Fears Amongst Retail Investors

One of the key factors driving caution in ZCash is the fact that its recent rally has been too fast in a short time. In two months, ZCash went from $76 to a high of over $700. This parabolic move, especially when the rest of the market is weak, could signal an unsustainable price trend that may lead to a crash. This is already evident in the fact that ZCash has recently crashed by over 30% in a matter of days, now trading within a price range of $450 to $500.

$ZEC playing with fire here. First it lost that super important trend portrayal and now it regained.

Technically, as long as we hold above that moving average, we are still up trending, so we expect further upward movement.

Lose it, and we're due for a bigger correction!… pic.twitter.com/PmNqfPsjFb

— Sjuul | AltCryptoGems (@AltCryptoGems) November 13, 2025

Even with this crash, ZCash is still trading at a significant price level compared to its lows from two months ago. As such, there is still room for a more substantial correction going into the future. This could especially come true if the broader market continues to trade sideways or starts to show weakness.

A significant trigger for a ZCash selloff would be Bitcoin dropping below the $100k support. Already, Bitcoin is hovering close to this price level, and investors are cautious that a correction through it could be a possibility in the near term.

Institutional Money Coming Could Support the ZCash Price Going Forward

On the positive side, ZCash holders not selling their holdings means they could offer a price floor going forward. If anything, ZCash is gaining adoption by institutional players. The latest to make a significant move on ZCash are the Winklevoss twins, who are investing $50 million to establish a ZCash treasury through their company, Cypherpunk Technologies.

The aim is to acquire 5% of the total ZCash supply. Such moves are likely to drive the price higher over time due to the low supply of ZCash. They are also likely to reignite retail confidence in ZCash at the current price and help push the price higher over time. 

The Winklevoss twins just invested $50M to acquire 5% of Zcash's supply through their new treasury company Cypherpunk Technologies.

This is the biggest validation signal privacy crypto has ever received.

These aren't random investors. Cameron and Tyler turned a $65M Facebook… pic.twitter.com/t4Xfo9B2b6

— The Wisemen Alpha (@Wisemenmentors) November 12, 2025

Pro-Privacy Coins Narrative Could Also Drive ZEC Momentum

ZCash also has the advantage of narrative, which could help prevent a possible erosion of the gains made so far. Globally, there is a growing need for financial privacy. That’s due to growing government overreach in digital privacy. This has reignited demand for privacy coins, as seen in their recent rally across the board.

As the pro-privacy coin narrative gains strength, the odds are high that ZCash could head higher. ZCash is particularly interesting because it offers both private and non-private transactions. This makes it a lower regulatory risk compared to other privacy coins.

Most people are still wondering if Privacy is just a temporary "narrative".

You see $ZEC everywhere but still don't know what it is.

You wonder.. is it too late to take part in the privacy movement?

I break down EVERYTHING you need to know in this video about @Zcash and… pic.twitter.com/qVuL4hr6uv

— Summer (@firehustle_net) November 12, 2025

Technical Analysis – ZCash Consolidating After Price Rebound

ZCash has made a rebound in the last 24 hours after establishing support at $432.78. However, it is currently consolidating between the $534.10 resistance level and the $494.08 support level. If bulls take control and push ZCash through the $534.10 resistance, then a rally to $678.74 could follow.

On the other hand, if there is a correction through the $494.08 support level, then a subsequent correction back to $423.78 could follow. Of these two scenarios, ZCash is likely to rally to $678.74 due to moves similar to those made by the Winklevoss twins.