Zcash Price Forecast: Falling Wedge Teases High-Volatility Breakout Toward $610

Zcash (ZEC) is flashing caution signs after forming a textbook falling wedge on the four-hour chart, a setup that often precedes high-volatility breakouts after prolonged downtrends.

A 30% Breakout Setup Underway

Zcash price has been in a steady series of lower highs and lower lows since topping near $720 earlier this month. That decline is now compressing into a narrowing range, with price gravitating toward the wedge’s apex around $436.

Historically, falling wedges are considered bullish reversal patterns, but they tend to resolve only after the price fully compresses toward the apex.

If buyers step in aggressively near the apex, a confirmed breakout above the wedge’s upper trendline could trigger a sharp relief rally. The immediate upside target sits near $610, corresponding with prior horizontal resistance and the underside of the November breakdown zone.

A successful push above that region could open the door to deeper recovery highs if broader market sentiment turns supportive.

What Could Change This Bullish ZEC Price View?

Failure to hold the $436 area would invalidate the bullish wedge thesis and expose ZEC to bigger corrective risks.

Additionally, Zcash has also broken down from a larger symmetrical triangle visible on the daily chart, reinforcing the short-term bearish bias.

The pattern formed after ZEC’s sharp October rally, signaling a tug-of-war between buyers and sellers as volatility compressed. Instead of rising higher, the price slipped below the triangle’s lower trendline, confirming a bearish continuation move.

The breakdown occurred near the 20-day EMA, which has now flipped into near-term resistance. From a measured-move perspective, the triangle’s height projects downside risk toward the $290–$300 zone, a former consolidation area from late summer.

Interestingly, the symmetrical triangle’s downside target aligns perfectly with ZEC’s 20-week exponential moving average (20-week EMA, represented by the green wave) in the chart below.

A further break below the 20-week EMA could push the price toward the 50-week EMA at around $160.