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Zcash (ZEC) shed more than a quarter of its value in the past 7 days alone, as early buyers dumped the token to cash out on their massive gains once the uptrend started to reverse course.
However, the price has gone up by 6.5% in the past 24 hours and currently stands at $365 after bouncing back strongly off the $300 support.
Trading volumes currently account for a fifth of the token’s circulating market cap at $1.3 billion, implying that this is a highly contested area for both buyers and sellers.
Meanwhile, the crypto community has shared some interesting price predictions on what Zcash could do next after this sharp correction.
Trader GonzoXBT sees Zcash exploding and potentially retesting its recent highs if a rounding bottom pattern is confirmed.
I think that we could see a big $ZEC move soon. pic.twitter.com/SSdKUI1jtg
— G O N Z O (@GonzoXBT) December 4, 2025
This technical setup typically results in some big upside for the underlying asset, as it confirms that the buying pressure is increasing rapidly and pushing the price past a former area of support.
For ZEC, this level currently sits at around $370. The token is currently approaching this level, which makes the next few days critical to determine where the price will be heading.
Similarly, trader Johnny Woo, whose X account is followed by more than 100,000 users, spotted a diamond pattern that could also precede an explosive move for ZEC as well.
He believes that the token will not go below $300 if a bullish breakout off this pattern occurs. However, a bearish outcome is also possible.
Zcash Bounces Back After RSI Hits Extreme Oversold Levels
The daily chart shows that a descending triangle has formed as a result of the latest price action. The price needs to break above the trend line’s resistance. If that happens, the next area of supply to overcome would be the 200-day exponential moving average (EMA).
The Relative Strength Index (RSI) has sent a buy signal already in the daily chart after coming out of extreme oversold levels. This is the first time that the RSI has been pushed to such lows since April.
Now, the oscillator has climbed above the 14-day moving average, potentially marking the beginning of a trend reversal. It now needs to move above the midline to confirm that momentum has turned positive.
Back then, the price of ZEC doubled just a couple of months after. If the market reacts similarly, ZEC could reach $600 at some point in the next few weeks as well.
A confirmed breakout above $375, and a subsequent successful retest of this level from above, could be interpreted as the definite buy signal.
As cryptos look poised to recover, top crypto presales like Maxi Doge ($MAXI) are still the most attractive segment of the market as these projects continue to offer the highest upside potential to early buyers.
Maxi Doge ($MAXI) Raises Over $4M to Inject the Trading Community with Some Meme Energy
Maxi Doge ($MAXI) takes the classic doge meme and turns it into a community built around high-leverage trading.
The project gives retail traders a place to share ideas, compare strategies, and compete for top ROI spots.
The concept is simple: once you buy $MAXI, you get an exclusive entry ticket to a hub where degen traders exchange setups, discuss market moves, and crowdsource their edge.
It feels a bit like Wall Street Pepe’s playbook — a social trading experiment wrapped in meme culture — and the presale momentum suggests that investors are increasingly paying attention to this token.
Buyers also get access to weekly trading competitions and themed challenges like Max Gains and Max Ripped, where top performers earn rewards and bragging rights. Maxi Doge isn’t built around utility or payments; it’s built around the culture of traders who love taking big swings at the market.
To buy $MAXI and join the pump, simply head to the official Maxi Doge website and connect a compatible wallet. You can either swap USDT or ETH for this token or use a bank card to invest.
