Zcash Price Forecast: ZEC Targets $400 as Cup-and-Handle Pattern Signals 45% Rally

Zcash (ZEC) appears poised for a strong upside breakout, with technical indicators hinting at a move toward $400, a level not seen since early 2022.

ZEC’s Cup-and-Handle Pattern Eyes 45% Gains

The bullish setup is supported by a classic cup-and-handle pattern forming on the hourly chart, a signal often preceding significant price rallies.

The pattern shows ZEC consolidating just below the key resistance level near $296, marking the “rim” of the cup.

Historically, once the price breaks decisively above this horizontal resistance, traders measure the potential upside by adding the cup’s depth to the breakout point.

In ZEC’s case, that projects a target near $400, representing roughly a 45% gain from current levels.

Supporting the bullish structure, ZEC trades above its 50-hour (red) and 200-hour (blue) exponential moving averages (EMAs), suggesting short- and long-term momentum alignment.

The RSI has also stabilized near neutral territory, leaving room for further upside without immediate overbought risk.

Volume trends show accumulation around the $260–$270 area, reinforcing the idea of strong buying interest as ZEC builds its handle phase. If the price closes firmly above $296 with rising volume, it could confirm the pattern and trigger a breakout rally.

Conversely, failure to hold above the 50-hour EMA could invalidate the setup, risking a pullback toward the 200-hour EMA near $240. Still, as long as ZEC sustains its rounded bottom structure, the path of least resistance appears to be upward.

“ZEC Looks Cooked,” Analyst Warns

Some skeptics are unsure about continued upside momentum in the ZEC markets.

One of them is analyst Henry.

He said ZEC appears to be losing steam after peaking at $311, forming what looks like a head-and-shoulders pattern, a classic bearish reversal signal.

The neckline sits around $265, and failure to hold above it could send ZEC back toward the $240s or lower. The latest green bounce near $270 resembles a dead cat rally, lacking volume strength.

Unless bulls reclaim the $300–$305 zone quickly, momentum may shift decisively in favor of bears. Traders warn the $311 wick likely marked exit liquidity, suggesting ZEC’s recent rally may be nearing exhaustion as selling pressure builds.