- Zcash dips 6% to around $414, testing historical support amid market weakness.
- CryptoTony calls the zone a “good bounce level” if buyers defend key support levels.
- Long-term outlook remains bullish, eyeing potential $1,000 targets in late 2025 driven by privacy innovation and institutional demand.
The volatile world of cryptocurrencies, Zcash ($ZEC) is once again capturing trader attention as it navigates a sharp correction in late December 2025. Prominent analyst CryptoTony__ shared an update on X, pointing to the $ZEC/USD pair’s 1-hour chart on Bybit, where the price has dipped to approximately $414.65 after peaking near $460 earlier in the week. The chart reveals a series of red candlesticks indicating downward momentum, but a horizontal resistance line at $460 suggests a potential reversal if support holds.
CryptoTony’s Take: A Crucial Support Zone
CryptoTony’s sentiment echoes a common trader’s plea: “I would very much welcome if the market could hold ZEC here please. Looks like a good bounce level here.” This comes as ZEC has shed over 6% in the past 24 hours, slipping below key moving averages and losing a historical trend line support around $427. Market data shows Zcash trading at $407-420 across exchanges, with a market cap hovering near $6.7-6.9 billion. Open interest stands at $779 million, and 24-hour volume exceeds $1.49 billion, reflecting heightened activity amid a 1,374% spike in liquidation imbalances.
Zcash’s resilience in 2025 stems from its privacy-focused zk-SNARKs technology, with shielded pools reaching record highs—over 30% of supply now private, boosting adoption. Institutional interest has propelled ZEC up nearly 10x from early-year lows, outpacing many altcoins despite Bitcoin’s dominance. However, recent bearish signals, including RSI readings below 40 on shorter timeframes, hint at further downside risk—potentially 10% to $388 if support fails.
Broader Outlook: Regulation, Liquidity, and Long-Term Targets
Community reactions on X are mixed. Some traders like ArdiNSC warn of trend exhaustion via EMA crossovers, predicting a double top pattern similar to November’s pullback from $760. Others, such as Brich_io, see high-timeframe support offering favorable risk-reward for longs. Forecasts for December suggest a range of $448-487, with longer-term optimism for $1,000 if privacy regulations favor ZEC. As the holiday season unfolds, Zcash’s path hinges on broader market sentiment. With Binance adding new ZEC trading pairs, liquidity could improve, but regulatory scrutiny on privacy coins remains a wildcard. Traders should monitor volume and funding rates closely. While CryptoTony’s bounce call adds hope, the charts scream caution—always DYOR and manage risk in this fast-moving space.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
