- Eli Ben-Sasson, co-founder of Zcash, projects that ZEC will hit $5,000 by the conclusion of 2026.
- At present, ZEC changes hands near $1.4K, experiencing a decline of more than 9%.
Eli Ben-Sasson, co-founder of Zcash, is attaching specific figures to his outlook. Recently, he predicted ZEC would surpass $1,200 by September 25, a milestone that was achieved. Now, he has established a year-end target of $5,000.
His justification is that ZEC functions similarly to a secondary form of Bitcoin, a concept that a significant segment of cryptocurrency investors has yet to fully grasp. Meanwhile, whale accumulation has accelerated markedly, and he is already receiving inquiries from major participants questioning the price movements.
The recent price swings are organic in nature, highlighting a clear discrepancy between accumulation levels and overall market sentiment—a gap that typically narrows rapidly once broader attention shifts. Notably, advancing from $1,488 to $5,000 represents a 236% increase.
Looking at Zcash Price Action
Zcash (ZEC) currently trades around the $1,488 mark, registering a drop of over 9%. Its trading volume settles at $1.54 billion, with a 24-hour span fluctuating between $1,461 and $1,643. Over the past seven days, the asset has moved within a range of $1,342 to $1,658.
An examination of the four-hour ZEC/USDT chart reveals that bearish pressure currently dominates. The token may pull back toward a vital support level at $1,432. Further downward correction could spark a death cross, pushing the price further down toward the $1.3K region.
Conversely, should a bullish reversal take place in the Zcash market, values could quickly climb to encounter immediate resistance around $1,530. Sustained upward momentum might then prompt a golden cross and ultimately lift the cryptocurrency past the $1.6K threshold.
What is ZEC’s Technicals Hinting At?
The MACD line has dipped below the signal line while both maintain positions above the zero line, signaling that the ongoing uptrend is losing strength. Although the macro structure stays bullish, this downward crossover indicates a slowdown in short-term buying pressure.
Short-term price action is temporarily dictated by sellers and profit-takers, resulting in a negative momentum histogram. Consequently, long-position holders are tightening stop-loss orders or securing partial profits. A return to the broader uptrend requires the MACD line to cross back above the signal line.
Zcash sentiment currently leans neutral with a mild bearish tilt, evidenced by a daily RSI reading of 46.16. This points to a consolidating market where neither buyers nor sellers command absolute control, accompanied by a temporary fading of upward momentum.
A reading beneath 50 indicates that average losses during the measured timeframe slightly exceed average gains, leaving ample room for momentum to break out in either direction. Confirmation of the subsequent trend requires either a move back above the 50 level or a descent toward 30.
Crypto Market Highlights
Bitcoin Whales Keep Accumulating as Price Slips: 100–1,000 BTC Wallets Add 113,950 BTC
Frequently Asked Questions
What is the price target for Zcash by the end of 2026 according to Eli Ben-Sasson?
Zcash co-founder Eli Ben-Sasson has set a price target of $5,000 for ZEC by the end of 2026.
What are the immediate support and resistance levels for ZEC?
Key support sits at $1,432, with a potential deeper drop toward the $1.3K zone if corrections continue. On the upside, the nearest resistance range is around $1,530, with potential to push past $1.6K.
What does the daily RSI indicate for Zcash?
The daily RSI stands at 46.16, placing Zcash in neutral territory with a slight bearish bias and reflecting a consolidating market.
