However, buying pressure from whales has completely reversed the trend. Their massive long positions triggered a cascade of liquidations among short sellers. This short squeeze phenomenon acted as pure rocket fuel, propelling the ZEC price to new local highs and forcing bears to capitulate.<\/p>\n\n\n\n
Now, ZEC is challenging its peak around $730<\/strong> reached in November 2025. Could an imminent breakout be on the horizon?<\/p>\n\n\n\n From a technical standpoint, the ZEC chart shows undeniable strength. The asset recently managed to shatter<\/strong> several key resistance<\/strong> levels, backed by surging trading volumes. Nevertheless, the daily RSI indicates a strong bearish divergence. This indicator, combined with the approach to its former ATH, calls for caution. Indeed, it is now better to remain patient at this level and wait for confirmation that the asset can hold $620<\/strong> as support.<\/p>\n\n\n\n If the momentum continues, the next major target for the bulls lies in the $700 to $745 zone. A daily close above this threshold would confirm the validity of this breakout<\/strong> and could pave the way toward $830,<\/strong> according to the FBB.<\/p>\n\n\n\n Conversely, a rejection at these levels could lead to a swift retracement<\/strong>. The first solid support<\/strong> is found around $625. If sellers regain control and break below this level, ZEC could slide toward the psychological zone of $600,<\/strong> offering the market a breather before the next upward move.<\/p>\n\n\n\n The battle between retail traders, who are predominantly bearish<\/strong>, and accumulating whales is defining the current price action. As long as large wallets continue to support the market, sellers risk facing further liquidations. This dynamic could mechanically fuel the token rise in the short term.<\/p>\n\n\n\n The privacy cryptocurrency market is experiencing a global resurgence of interest, and Zcash appears to be the primary beneficiary. Solid fundamentals and growing institutional interest are creating an explosive cocktail for shorters trying to swim against the tide of this trend.<\/p>\n\n\n\n However, unlike HYPE, Zcash is showing weaknesses in its RSI and a slowing demand as it approaches the top. HYPE is clearly driven by the massive inflows of its ETF. Meanwhile, ZEC is eagerly awaiting the launch of its first ETF, which was recently filed with the SEC.<\/p>\n\n\n\nCan Zcash (ZEC) sustain this bullish breakout?<\/h2>\n\n\n\n
![\"\"](\"https:\/\/media.investx.fr\/wp-content\/uploads\/sites\/5\/2026\/05\/21084742\/ZECUSDT_2026-05-21_09-02-04-1024x764-1.jpg\")
<\/figure>\n\n\n\nHow high can the Zcash (ZEC) price go?<\/h2>\n\n\n\n