Zcash (ZEC) Slips 8% Daily: Here’s Why One Analyst Believes the Price Could Crash to $200

Was the recent 10-year high the local top for ZEC? 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’s resurgence, the debut of the ZEC ETP in Europe, the launch 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. Is the Rally Over? Earlier this week, ZEC surpassed $1,600 for the first time since 2016. And while many expected the upswing to continue, the whole market headed south, and now the privacy token is worth roughly $1,470 (per CoinGecko). X user Crypto Patel noted that ZEC has already delivered an “extraordinary move,” adding that anyone who accumulated during 2024-2025 has witnessed a massive return. 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...