Over the past two months the price of the privacy coin Zcash (ZEC) has soared 1,500% to $750. According to the analyst known as Altcoin Sherpa, such a surge could be followed by a “painful crash”.
$ZEC we call this stairs up….let’s see if it’s elevator down.
I’m not a fan of this current price action at all and I think that it’s going to be a great short eventually. When you see this slow grind up, it usually has a violent end.
I’m not in any position and merely… pic.twitter.com/BT4hRb20Ov
— Altcoin Sherpa (@AltcoinSherpa) November 10, 2025
“I categorically dislike the current price action. I am confident that in the end this will become an excellent opportunity to open a short. Such slow, creeping rallies usually end with a sharp and painful collapse,” he wrote.
The trader known as Greeny pointed to overbought conditions. The current Zcash rally is the longest in the coin’s history. On 4 November the RSI hit an all-time high of 94.2. Since September the reading has consistently stayed above 70.
Historically, after entering overbought territory, ZEC often continues to rise for several weeks. This is frequently followed by sharp, months-long corrections ranging from 45% to 90%.
The crypto investor going by Eric Van Tassel expects a lower high on the RSI. That, he says, would signal a top and an impending correction.
This is the weekly RSI for #ZEC. From peak to peak it’s rising. This is what I’m waiting to see, a lower peak on the RSI as this would be an indicator that Zcash is topping and ready for a larger correction, most likely the scenario I pointed out in a previous post last week… pic.twitter.com/a9iYaABDvY
— Eric Van Tassel (Not a Financial Advisor!) (@XRPathologist) November 11, 2025
If the RSI sets a new high, ZEC could head for the $840–1,000 area.
“This very range could become the area where a global top forms before a significant pullback,” Eric Van Tassel concluded.
Greeny allowed for a decline into the $300–400 range.
Another community member, Posty, noted that he started taking profits on Zcash at around ~$650.
At the time of writing the privacy coin is trading around $520. Over the past 24 hours its price has fallen by 23.2%.
Some remain confident about Zcash’s prospects despite the setback. On 11 November, buy orders for ZEC worth a total of $30m were recorded on Binance.
一秒成交 ~2200 枚，狂买超 3000 万美金！某 $ZEC 信仰者似乎正在币安大额囤货⚡️
如果你将币安 K 线调整为 1s 间隔，会发现今早 09:35-09:44 期间，密集出现大额买单，每单买入 2200 枚 ZEC 左右（约 120 万美元）
这使得 K… pic.twitter.com/xx7IyFGKQ8
— Ai 姨 (@ai_9684xtpa) November 11, 2025
BitMEX founder Arthur Hayes earlier predicted the coin could reach $10,000 in the current cycle.
The privacy trend
CryptoQuant analysts noted that privacy coins are posting record readings. Since late September, Zcash has been the clear leader, up 707%. Also in the top cohort are Dash (+263%), Verge (+44%), Secret (+41%) and Monero (+23%).
Privacy Coins are Heating Up
Since the Privacy Coin Hype began (Sept 31, 2025):$ZEC: +707%$DASH: +263%$XVG: +44.2%$SCRT: +41%$XMR: +23.7%
Here’s what the data reveals 👇 pic.twitter.com/CACgihMINn
— CryptoQuant.com (@cryptoquant_com) November 10, 2025
ZEC also ranked first by trading volume, at $20bn. For comparison, DASH was second with $5.4bn.
“The current volumes significantly exceed those of previous periods of hype around privacy coins. At present they amount to ~6% of total market turnover — a record share in the history of this asset category,” the experts stressed.
Most of the turnover is on Binance — 78%. It is followed by Bybit (17%).
Specialists also pointed to rising activity among retail traders and identified a correlation between privacy tokens and bitcoin. Significant price spikes in privacy coins, they said, often coincide with periods when the first cryptocurrency shows little directional movement.
Earlier, Galaxy Digital analyst Will Owens called Zcash “the spiritual successor” to digital gold.