Zcash’s ZEC Token Will Dump to $200 in Coming Weeks: Analyst

Zcash (ZEC) experienced a stunning rally earlier in 2025, rising by over 1,230% at one point, before it began plunging sharply.

As of Dec. 1, the privacy-focused cryptocurrency was down almost 50% from its year-to-date high of $743 (data from Binance), trading for as low as $377. Its moves mirrored jitters in the broader cryptocurrency market due to the Federal Reserve’s impasse over interest rate cuts in December.

Now, analyst Altcoin Sherpa predicts that ZEC’s price will drop further in the coming weeks or months, with $200 being a credible downside target. Let’s examine.

Multiple Patterns Point to ZEC Decline Toward $200

Zcash’s correction still appears unfinished, with the chart structure favoring additional downside before any durable base forms.

The next key level to watch sits around the $368–$370 zone, which aligns with the 0.5 Fibonacci retracement of the 2025 rally. This midpoint retracement is often a critical inflection area following parabolic advances.

A clear breakdown below the 0.5 Fibonacci level would expose deeper downside risk, bringing the 200-day exponential moving average into focus near the $200 mark.

This moving average also overlaps with prior consolidation from before October’s breakout, reinforcing its importance as a potential medium-term downside target and a structural support level.

Double Top Reinforces $200 Zcash Price Target

Zcash’s daily chart is reinforcing downside risks after forming a clear double-top near the $700–$750 zone. The bearish reversal was confirmed when ZEC broke below the $440–$450 neckline, a former support area that has now become resistance.

Since that breakdown, the price has slipped below key short-term moving averages and begun carving lower highs, indicating a developing downtrend rather than consolidation.

Measured-move implications from the double-top structure suggest a decline toward the mid-$200s, lining up closely with the rising 200-day EMA.

Momentum indicators add weight to the bearish setup.

The daily relative strength index (RSI) has moved sharply lower. However, it has not yet reached deeply oversold conditions, implying there may still be room for further downside before selling pressure fully exhausts.