Zcash Price Forecast: Can ZEC Retake $400 in March?

A bearish Zcash (ZECZEC) technical setup suggests that the token may undergo a brief uptrend in March, potentially pushing its price toward $400.

Bear Flag Bounce Promise ZEC Rallies in March

Zcash enters March with its chart hinting at a bear flag in the early stages, a setup that typically forms when a sharp drop (“flagpole”) is followed by a tight, upward-to-sideways consolidation (“flag”) before the prior downtrend resumes.

On the daily ZEC/USDT chart, price was trading near $250 ahead of the February close, stabilizing around the flag’s lower trendline.

The stabilization zone aligns with ZEC’s 50-week exponential moving average (50-week EMA; the red wave), as shown below.

If the lower boundary continues to hold, ZEC could attempt a recovery toward the upper flag trendline at around $400 in March. That zone aligns with the 0.382 Fibonacci retracement (~$398.9).

A move back toward $400 would reflect ZEC mean-reverting into overhead supply.

What Could Change This Bullish View

The rebound case may not be clean. The chart shows ZEC still trading below its key moving averages, with the 50-day EMA near $309.8 and the 200-day EMA near $294.2.

Those levels can act like “speed bumps” on the way up, potentially capping rallies or triggering fresh selling pressure.

The relative strength index (RSI) sits in the low-40s, suggesting ZEC is recovering from weak momentum but hasn’t reclaimed a strong uptrend posture.

The bigger risk is that bear flags most often resolve as bearish continuation.

A decisive daily close below the flag’s lower trendline would likely confirm the breakdown, shifting focus to the next major support near $125, the chart’s highlighted downside target.

Risk-off sentiment could amplify that breakdown risk.

If global equities stay under pressure due to Donald Trump’s tariff tantrums, US-Iran headlines, or “AI scare trade,” investors will likely cut exposure to high-beta assets first, such as Zcash.

In that backdrop, liquidity thins, bounces get sold, and stop-loss cascades trigger more easily, accelerating a move below the flag support and pulling ZEC toward deeper support zones.