Zcash Price Outlook: Can ZEC Crash to $200 or Below in February?

Key Points

• Zcash (ZEC) has declined over 65% from its November 2025 high of $775, currently trading around $277.
• The cryptocurrency has entered a bear pennant breakdown, with projections indicating a potential short-term target of $244.
• Weekly charts show ZEC within a falling wedge, with critical downside levels at $196 and possibly $155 if support fails.

Zcash Technical Analysis

Current Market Status

As of February 4, Zcash is trading at approximately $277, facing increasing downward pressure attributed to broader market trends, particularly the fallout from the AI bubble.

Bear Pennant Breakdown

The ZEC price is currently in a bear pennant formation, which typically follows a sharp decline and subsequent consolidation within a triangular structure. A breakdown below the lower trendline of this pattern could lead to a price target of around $244, representing a further decline of over 12%.

Daily Chart Analysis

On the daily chart, ZEC has broken below a symmetrical triangle, indicating a strong bearish trend. The price is currently below all significant moving averages, suggesting a lack of upward momentum. Historical patterns indicate that a similar breakdown in January 2025 resulted in a 46.25% drop, which could imply a potential target of $144 by March if the current trend continues.

Weekly Chart Insights

Weekly analysis reveals that ZEC is trading within a falling wedge, indicating sustained bearish pressure. The price is compressing towards the wedge's apex, with a near-term target around $196, which aligns with the 0.5 Fibonacci retracement level. A breach of the wedge support could accelerate selling, potentially driving the price down to $155, where long-term buyers might re-enter the market.