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ZCash Price Corrects 14.54% After Parabolic Rally, Analyst Predicts Drop
ZCash (ZEC) Price Correction
- ZCash experienced a 14.54% price drop following a significant rally.
- Over the past year, ZCash gained 1136.45%, peaking at $750 from below $40 in April 2025.
- The recent surge was driven by increased interest in privacy coins amid financial surveillance concerns.
- Resistance at $750 could lead to a correction to around $325, potentially a 43% decline.
- If selling pressure continues, further declines to $125 are possible.
- Despite this, ZCash maintains bullish potential with its all-time high at $5,941.
Investment Insights
- Maelstrom, co-founded by BitMEX's Arthur Hayes, holds ZCash as its second-largest investment after Bitcoin.
- This reflects confidence in the privacy coin narrative and ZCash's bullish prospects.
- Currently, ZCash trades at $572, marking a 165.7% monthly gain.
