- Zcash co-founder Eli Ben-Sasson projects that ZEC will hit $5K by the end of 2026.
- ZEC currently trades around the $1.4K region, registering a decline of over 9%.
Eli Ben-Sasson, co-founder of Zcash, is putting specific targets forward. Recently, he predicted that ZEC would surpass $1,200 by September 25, a milestone the asset successfully reached. Now, his sights are set on an end-of-year target of $5,000.
His perspective is built on the premise that ZEC functions similarly to a secondary form of Bitcoin, a concept that a major segment of cryptocurrency participants has not yet fully realized. Whale accumulation has surged notably, and Ben-Sasson notes he is already receiving inquiries from large stakeholders asking why the price is shifting.
Current market swings are driven by organic factors, highlighting a clear divergence between accumulation levels and wider market sentiment—a gap that typically narrows rapidly once broader attention catches up. Achieving the leap from $1,488 to $5,000 represents a 236% upward movement.
Looking at Zcash Price Action
Zcash (ZEC) trades near $1,488, marking a drop of greater than 9%. Trading volume stands at $1.54 billion, with the 24-hour price spectrum spanning from $1,461 to $1,643. Over the past seven days, the asset has fluctuated between $1,342 and $1,658.
Analyzing the four-hour ZEC/USDT chart reveals that bearish pressure currently dominates. A potential retracement could pull the price back toward its primary support level at $1,432. Further downward correction risks prompting a death cross, which would push the valuation deeper into the $1.3K bracket.
Conversely, should a bullish reversal materialize within the Zcash ecosystem, prices could bounce back quickly to test the nearest resistance threshold near $1,530. Sustained upward momentum might ignite a golden cross and ultimately drive the cryptocurrency past the $1.6K mark.
What is ZEC’s Technicals Hinting At?
The MACD line has dipped below the signal line while both indicators remain positioned above the zero line, signaling that the ongoing uptrend is losing steam. While the overarching macro structure remains bullish, this downside crossover indicates a short-term deceleration in buying strength.
Sellers and profit-takers have briefly taken charge of short-term ZEC pricing, turning the momentum histogram negative. Consequently, long-position traders are tightening stop-loss orders or locking in partial gains. For the broader uptrend to resume, the MACD line will need to cross back above the signal line.
Market sentiment for Zcash sits in a neutral zone with a slight bearish tilt, as the daily RSI registers at 46.16. This reading indicates that neither buyers nor sellers maintain definitive control, pointing to a consolidating market undergoing a temporary pause in upward momentum.
A reading beneath 50 shows that average losses over the observed timeframe marginally exceed average gains, leaving ample space for momentum to swing either way. Confirming the next major trend direction requires either a recovery above the 50 mark or a retreat toward the 30 level.
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 Zcash year-end price target set by 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 is the current trading range and volume for Zcash (ZEC)?
ZEC trades around the $1,488 level with a 24-hour volume of $1.54 billion. Its 24-hour price range sits between $1,461 and $1,643.
What do the technical indicators say about Zcash’s short-term momentum?
The daily RSI reads 46.16 (neutral with a slight bearish bias) and the MACD line has crossed below the signal line above zero, indicating that short-term buying momentum is decelerating.
