The volatile world of cryptocurrencies has seen few assets capture the spotlight like Zcash (ZEC) in late 2025. The privacy-focused altcoin has rocketed over 140% in the past month, defying a broader market slump and flipping Bitcoin Cash (BCH) in market capitalization. Now trading above $600, ZEC’s momentum shows no signs of fading, fueled by its recent halving event in November and growing institutional interest.
A Winklevoss-backed treasury firm, Cypherpunk Holdings, has acquired an additional $18 million in ZEC, pushing its total holdings to $150 million and underscoring confidence in the coin’s zero-knowledge proof technology.
Technical Analysis: Trendline Retest and Double Bottom Setup
Technical analysts are observing a fresh update from veteran trader Crypto Tony (@CryptoTony__), who shared a detailed 4-hour chart of ZEC/USD perpetual futures. The chart highlights a retest of the ascending trendline that has underpinned ZEC’s parabolic rise since its swing low in Phase B.
Key annotations on the chart point to psychological support (PSY) near $480, an ascending resistance (AR) that was recently breached, and a bullish confirmation candle (BC) signaling potential reversal strength. The upper target (UT) looms above $825, while support trend (ST) holds firm around current levels.
Outlook and Strategic Trading Insights
According to the analysis, ZEC is at a pivotal juncture. Successfully defending the trendline could propel it toward fresh all-time highs, potentially surpassing $700 and challenging Cardano’s top-10 throne. In a worst-case scenario, failure to hold the trendline could lead to a double bottom formation at $548—a classic bullish reversal pattern observed in prior cycles.
This potential dip would offer savvy traders an entry point before an anticipated pump, aligning with ZEC’s historical post-halving behavior where reduced block rewards tighten supply and ignite demand.
Traders are advised to monitor volume spikes and the Relative Strength Index (RSI) for overbought signals, though the overall setup remains overwhelmingly bullish. In a market often driven by narratives, Zcash's focus on privacy is proving to be a profitable differentiator.