Zcash Price Outlook: Can ZEC Crash to $200 or Below in February?

Zcash (ZEC) has dipped by over 65% since establishing its record high of $775 in November 2025.

As of Feb. 4, the privacy coin was trading for around $277, eyeing further declines as downside pressure mounts on the entire crypto market due to AI bubble burst risks.

Zcash Technical Analysis

ZEC/USDT Four-Hour Chart Outlook: Pennant Breakdown Has Begun

Zcash price risks falling toward $244 as it enters the breakdown phase of a bear pennant pattern.

A bear pennant forms when the ZEC price undergoes a sharp drop and starts consolidating inside a triangle-like structure afterward.

From a technical standpoint, the setup resolves when the Zcash price breaks below the triangle’s lower trendline and falls by as much as the previous downtrend’s height.

Applying this technical thesis on the ZEC price chart brings its downside target to around $244, down by over 12%, for February.

Meanwhile, Zcash faces repeated bearish rejection when it tests the 20-4H exponential moving average (20-4H EMA; the green wave), currently at around $293.50.

Its inability to reclaim the EMA as support strengthens the bear pennant scenario for the Zcash price.

ZEC/USDT Daily Chart Outlook: A 50% Crash Awaits

On the daily chart, ZEC price has entered the breakdown phase of a symmetrical triangle, a pattern that often resolves in the direction of the prior move.

Zcash price has slipped below the triangle’s lower trendline, signaling growing bearish control. At the same time, ZEC price trades below all key moving averages, showing clear trend weakness.

A similar setup played out in January 2025, when a triangle breakdown led to a 46.25% correction.

If this fractal repeats, downside risk for the Zcash price opens toward $144 by March.

ZEC/USDT Weekly Chart Outlook

On the weekly chart, ZEC price trades lower inside a falling wedge, signaling sustained downside pressure in the coming months.

Zcash price continues to compress toward the wedge’s apex, which points to a near-term target around $196. That level aligns with the 0.5 Fibonacci retracement, strengthening it as a key downside magnet.

If the ZEC price breaks below the wedge support, selling pressure could accelerate. In that case, Zcash price risks sliding toward the 100-week EMA and the 0.382 Fibonacci level near $155, where longer-term buyers may attempt to step in.