Zcash Skyrockets 1,175% During Market Crash

Altcoin Analysis

Zcash Skyrockets 1,175% During Market Crash – But Can the Rally Continue?

Zcash (ZEC) has delivered one of the most surprising performances of the year, soaring from roughly $50 on September 15 to over $640 today.

Key Takeaways:

  • ZEC is up 1,175% in two months, defying the market crash.
  • TD Sequential has issued a new sell signal.
  • Momentum is cooling despite a strong daily trend.
  • $700 resistance and $600–$620 support are the key levels to watch.

The move represents a staggering 1,175% surge in just two months, at a time when most of the crypto market is deep in correction mode. While Bitcoin, Ethereum and major altcoins continue to struggle under heavy selling pressure, ZEC has emerged as one of the strongest outperformers in the entire digital asset sector.

Daily trading volume has now surpassed $3.3 billion, and the aggressive price appreciation has helped ZEC reclaim its position among the top cryptocurrencies by market capitalization. The rally has been especially notable because it unfolded during one of the weakest periods for crypto this quarter. Bitcoin broke below the $100,000 psychological threshold, leveraged long positions were wiped out across exchanges, and investor sentiment remained fragile. Yet Zcash remained untouched by the sell-off and continued climbing vertically.

TD Sequential Flashes a New Sell Signal

Despite the incredible performance, caution is beginning to enter the conversation. Crypto analyst Ali Martinez highlighted that the TD Sequential indicator has printed a sell signal on the ZEC chart once again.

The alert is significant because the past two TD sell signals led to corrections of more than 30%, raising concern that ZEC may be entering a similar phase. The timing of the signal is also important because it is appearing just as price approaches the key $700 resistance level, often interpreted as a potential zone of exhaustion after a strong parabolic move.

Indicators Send a Mixed Message

Technical data offers a conflicting view. TradingView’s daily technical analysis summary still ranks ZEC as a strong buy, supported mainly by bullish moving averages. However, momentum oscillators reveal a more cautious story.

On the 4-hour timeframe, MACD remains positive and RSI is sitting near 62, indicating that momentum is still leaning upward but is no longer accelerating with the force seen earlier in the rally. Bulls remain fully in control of the trend, but upside pressure is beginning to stabilize instead of expanding.

What Comes Next for ZEC?

The next major move for Zcash could largely depend on whether the price manages to forcefully break above $700. A strong breakout would invalidate the bearish TD signal and could invite another wave of speculative buying, potentially driving ZEC even higher.

Failure to clear resistance, however, could lead traders to lock in profits, placing the focus on the $600 to $620 region as the first major support area. If bears reclaim that zone, the TD Sequential’s history of predicting deep pullbacks would become difficult to ignore.

Zcash is trading at approximately $643 at the time of writing.


The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.

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Author

Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.

Source: https://coindoo.com/market/zcash-skyrockets-1175-during-market-crash-but-can-the-rally-continue/