Zcash Price Prediction: ZEC Spikes Over 40% in a Week as Bulls Target $600

Highlights:

• The Zcash price has broken above the 500 mark, marking 15% gains today.
• The derivatives market indicates a bullish bias as the open interest spikes. 
• The positive technical outlook shows a potential rally to $580-$600 if the momentum holds. 

The Zcash price has broken out above $500 mark, gaining a spot among the top trending coins today at $520. This rally marks 15% gains in the past 24 hours, despite its daily trading volume dropping 11%. The market capitalization of the privacy-oriented cryptocurrency has exceeded that of popular altcoins such as Sui (SUI) and Hedera (HBAR). Zcash has increased by over 40% in the past week and is approaching the $600 mark. According to Gecko data, ZEC’s market capitalization has risen to the 26th position in the overall crypto market. 

Meanwhile, a popular crypto analyst has shown how perfectly the TD has timed the Zcash price over the past month. If the current trend holds, the Zcash price could be in for another leg up towards the $580- $600 range soon.

Check out how perfectly the TD has timed Zcash $ZEC over the past month.

What do you think happens next? pic.twitter.com/J8P66UQFwG

— Ali (@ali_charts) November 6, 2025

Nevertheless, analyzing its derivatives data indicates a positive outlook for Zcash, and it is likely to rise further. According to CoinGlass, data indicates that ZEC futures OI at exchanges recorded a new all-time high of $773.84 million on Thursday. The emergence of new money in the market and fresh purchases can drive rising OI and contribute to the ongoing price boom in ZEC.

Also, the long-to-short ratio for the privacy-centric cryptocurrency sits at 1.05 on Thursday, close to its monthly high. This ratio is greater than 1, indicating bullish sentiment in the markets, as more traders are betting on ZEC’s price to rise. 

Zcash Price Gears Up for a Rally Towards $580-$600

The ZEC/USD 4-hour chart shows the altcoin trading at a solid $520 after a recent spike, breaking above $500. The Zcash price hit an intraday high of $523 before slightly retracing to the current levels. 

This breakout is no fluke. However, the volume has slid 11%, signaling that traders are a little sidelined. The 50 Simple Moving Average (SMA) at $406 is acting as a solid support, while the price is testing previous resistance around $523. If this momentum continued, the Zcash price could soon moon toward that $580-$600 level.

Looking at the indicators, the Relative Strength Index (RSI) at 67.37 indicates intense buying pressure. Meanwhile, traders will want to watch for a potential pullback if it hits 70+. Still, the upward tick shows strong buying pressure, signaling traders aren’t sleeping on the crypto.

Looking at the bigger picture, ZEC’s recent 15% pump indicates strong bullish sentiment, with the bulls in the driver’s seat. The $523 high is the next psychological barrier. If broken, the Zcash price could ignite a FOMO frenzy. However, if bears claw back, support at $479 could act as the safety net.

Over the next 48 hours, the Zcash price could climb from its current $520, targeting $580. If volume holds strong and flips positive, the stretch goal is $600. Long-term, if this breakout rally holds, there might be more gains by the end of Q3. However, traders will want to watch the RSI, as overheating could signal a potential breather.