ZCash Price Pulls Off Impressive 70% Plus Upside After Bouncing Off Key Fibonacci Level

Key Insights

• ZCash price makes a surprise bullish comeback, with the price rallying by more than 30% in 2 days.
• The recovery communicated that ZEC still has some skin in the game despite recent woes.
• Analyst predicts that ZCash could be following a 2015 Bitcoin fractal

Zcash price pulled off an incredible rally in the second week of February, which propelled it to the top of the list of the biggest gainers among the top 50 cryptocurrencies by market cap. A surprising outcome after its extended decline in January and early February. Moreso, considering the reason for the downside.

ZCash price had a monthly low of $185 on 6 February. After that, the cryptocurrency secured a robust bullish momentum that carried it as high as $333 on 15 February. A 51% rally in just 4 days. This jump also added almost 80% to its price range from its lowest to its highest this month.

The sharp uptick signaled robust accumulation during the lowest price levels in February. The momentum also coincided with the 0.786 Fibonacci retracement based on its rally from September to November 2025.

ZEC price has since given up most of those gains. It closed the month at $220, which was still heavily discounted despite its rally earlier in the month. The privacy coin traded at $213 at press time after retesting support near the $200 level, suggesting some accumulation in that zone.

Did ZCash Just Redeem Itself?

ZCash gained popularity in February after delivering an impressive rally. This had many believing that it could be the new poster child for the privacy coin segment because of its presence on major exchanges. A key advantage that it had against its main rival, Monero (XMR).

The optimism around Zcash died down earlier this year when the team of core developers behind it decided to abandon the project. As a result, there have been growing concerns about ZEC’s future.

Many analysts believed that it could end up being a footnote in the story of privacy coins without its core developer team. This was one of the reasons why Monero had a sharp surge in mid-January.

Zcash price action in February signaled that there was still significant interest in the privacy coin despite concerns around developer exit. The big question now is whether the brief demand outburst was just a mirage or could set the privacy coin on a path to renewed investor interest.

The answer to that question may be rooted as far back as 2015. This might sound absurd given that Zcash was founded a year later.

Zcash Price Prediction Suggests That a Major Rally Could Be On the Cards

One analyst proposed an interesting observation, which may not only signal extended short-term gains but also signal a parabolic long-term move. X-based analyst under the pseudonym Anonymist pointed out that ZEC price action was mirroring a 2015 Bitcoin fractal.

The same fractal suggests that ZEC price may be halfway through its short-term bounce back. It also suggests that the next few months may be choppy, but it also suggests that the privacy coin may adopt a parabolic uptrend in the long term.

Anonymist’s analyst offered an interesting Zcash price prediction. It suggests that the privacy coin may push as high as $5,000 if it continues to follow the Bitcoin fractal.

Zcash currently has a $4.87 billion with 16.53 million coins in circulation, and a maximum supply of 21 million coins just like Bitcoin. The privacy coin would need a market cap above $82 billion for its price to reach the $5,000 price target.

The target could be fairly attainable. In fact, ZEC’s marketcap clipped $10 billion at its 2025 peak. However, it needs an 8-fold gain in demand compared to peak 2025 levels to hit the long term price target.