Zcash Price Prediction: Confirmed Bullish Pattern Suggests $2,500 Target for ZEC

Zcash (ZEC) is once again one of the top-performing tokens in the crypto space this month, with a massive 89% gain in the past 30 days alone, following a strong rally that pushed the token to $1,000 for the first time since 2016.

This was the short-term target we set forth for this altcoin in our latest Zcash price prediction, based on a strong breakout off a key resistance at $675.

Trading volumes have spiked by 165% in the past 24 hours alone, currently accounting for over 9% of the asset’s circulating market cap at $1.5 billion.

Meanwhile, short liquidations rose above $36 million in the past two days, once again nearing the levels we saw in late August, back when the market as a whole was rallying.

Yesterday, dovish comments from one of the Federal Reserve’s Governors helped kickstart what could be the beginning of the next leg up for cryptocurrencies.

However, the rally was temporarily backstopped by a widely better than expected jobs report in the United States today.

Strong Jobs Report Pushes Rate Hike Odds Back to 58%

According to data from the Bureau of Labor Statistics, 162,000 jobs were created in August — a figure that amply exceeds the market’s forecast of 56,000 for the period.

This is also a massive departure from the 23,000 jobs the economy lost last month, and could give central bankers the confidence to either keep rates steady or raise them to push down inflation in the near term.

Data from FedWatch shows that the odds of a rate hike once again increased to 58% after briefly dropping yesterday. This may result in the resumption of the pullback that started this week for cryptocurrencies, and it is temporarily pushing Zcash below the $1,000 mark.

Despite this hiccup, we see signs that this token could be about to start one of its strongest bullish cycles following a confirmed breakout of a long-dated pattern.

Triangle Pattern Breakout Suggests $2,500 Long-Term Target for Zcash

The daily chart shows that an ascending triangle has been forming for Zcash since March 2026. This is a bullish setup that indicates higher willingness from buyers to scoop up the token at higher prices during pullbacks and corrections.

The $675 – $700 sell wall was the key resistance to watch for Zcash, and was already broken during the late August rally. Using the triangle’s height as a reference to project the magnitude of the coming uptrend, we get a $2,500 target for ZEC in the long term.

This is consistent with the view that this project could attract significant capital inflows from users who would like to keep their blockchain transactions anonymous.

On-chain data from ZecHub shows that the percentage of shielded tokens rose to its highest level in almost two years at 44%, indicating higher usage of the blockchain’s privacy feature.

Finally, the Relative Strength Index (RSI) is once again entering overbought territory, indicating that positive momentum continues to be quite strong. In the near term, we may expect a rally to $1,200 and a much-needed pullback right after.

However, this token seems to be starting a journey to levels not seen in a decade.