{"id":231933,"date":"2026-09-24T14:46:26","date_gmt":"2026-09-24T14:46:26","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=231933"},"modified":"2026-09-24T14:46:26","modified_gmt":"2026-09-24T14:46:26","slug":"zcash-zec-slips-8-daily-heres-why-one-analyst-believes-the-price-could-crash-to-200","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=231933","title":{"rendered":"Zcash (ZEC) Slips 8% Daily: Here\u2019s Why One Analyst Believes the Price Could Crash to $200"},"content":{"rendered":"

The popular privacy coin has stunned the crypto community after its price exploded by over 2,600% over the past year. Its market capitalization briefly exceeded $25 billion, making it one of the 10 biggest digital assets.<\/p>\n

The main catalysts for its impressive rally included the broader market\u2019s resurgence, the\u00a0debut of the ZEC ETP in Europe, the launch<\/a> of a spot Zcash ETF, and other factors. However, the crypto sector has seen a substantial correction over the last 24 hours, dragging the privacy coin down with it, and some analysts think the bull run may now turn into a violent crash.<\/p>\n

Is the Rally Over?<\/h2>\n

Earlier this week, ZEC surpassed<\/a> $1,600 for the first time since 2016. And while many expected the upswing to continue, the whole market headed south<\/a>, and now the privacy token is worth roughly $1,470 (per CoinGecko).<\/p>\n

X user Crypto Patel noted<\/a> that ZEC has already delivered an \u201cextraordinary move,\u201d adding that anyone who accumulated during 2024-2025 has witnessed a massive return.<\/p>\n

At the same time, the analyst warned people to be highly cautious in the $1,600-$2,000 range, claiming that a cup-and-handle structure suggests this could mark the local top. The market observer argued that ZEC has started showing signs of \u201cextreme extension from a psychological perspective\u201d following the major rally.<\/p>\n

Crypto Patel then shared a long-term prediction that is clearly bearish. They believe that if the current cycle eventually enters a distribution and downtrend phase, the price could dump below $500 in the next 1-3 years. The analyst made an even grimmer forecast, envisioning a collapse to $200 if the long-term structure completely reverses.<\/p>\n

For their part, X user Zayn recently revealed that they made $30,000 after opening a short position on ZEC. They later said<\/a> the paper profit has risen above $60,000, calling it one of their \u201cbiggest wins this year\u201d and wondering whether to keep the position open until they potentially make $100K.<\/p>\n

Are the Bulls Coming Back?<\/h2>\n

ZEC\u2019s recent correction shouldn\u2019t be directly interpreted as the end of the overall upward trajectory. After all, the asset has been on a tear for quite some time, and pullbacks are an inevitable part of the whole move.<\/p>\n

Meanwhile, some investors have started abandoning centralized platforms and shifting into self-custody solutions after a period of flocking into exchanges. The latest development is clearly bullish, as it reduces immediate selling pressure and could open the door to a rebound.<\/p>\n

<\/a>ZEC Exchange Netflow, Source: CoinGlass<\/p>\n

\u00a0<\/p>\n

The post Zcash (ZEC) Slips 8% Daily: Here\u2019s Why One Analyst Believes the Price Could Crash to $200<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The popular privacy coin has stunned the crypto community after its price exploded by over 2,600% over the past year. Its market capitalization briefly exceeded $25 billion, making it one of the 10 biggest digital assets. The main catalysts for its impressive rally included the broader market\u2019s resurgence, the\u00a0debut of the ZEC ETP in Europe, […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-231933","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/231933"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=231933"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/231933\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=231933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=231933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=231933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}