Zcash Price Forecast: ZEC Eyes 45% Gains Amid US–Iran Ceasefire

Key Points

• ZEC forms a symmetrical triangle after months of decline, with a breakout setup targeting roughly 45% upside on confirmation.
• Over $12.9 million in liquidations hit ZEC markets, with ~$12.05 million from short positions, fueling a sharp squeeze.
• Open interest has climbed back to January highs, indicating fresh capital entering the market during the rebound.

Market Overview

Zcash (ZEC) is showing a strong potential for a breakout as macro relief from a ceasefire brokered by Trump has revived risk appetite across previously beaten-down altcoins. The technical analysis indicates that ZEC has formed a symmetrical triangle after a prolonged period of aggressive downside, characterized by lower highs and higher lows converging towards a breakout point.

Technical Analysis

The price of ZEC is currently testing the upper trendline of the symmetrical triangle, with momentum building as indicated by a stabilizing RSI and decreasing sell pressure near the range floor. A confirmed breakout above the resistance level could lead to a measured move targeting approximately 45% upside, aligning with previous breakdown zones. Volume is crucial; an expansion on breakout would validate continuation, while a rejection could risk another rotation within the range.

Liquidation Events

In the past 24 hours, over $12.9 million in ZEC positions were liquidated, with shorts accounting for about $12.05 million of that total. This aggressive short squeeze has contributed to the breakout attempt, forcing bearish traders to cover their positions as the price rises. Additionally, open interest has surged back to January highs, indicating that new capital is entering the market rather than merely closing existing positions.

Market Sentiment

Despite the positive price movement, funding rates remain negative, suggesting that traders are still predominantly leaning short, even as prices rise. This divergence strengthens the bullish case, as a crowded short position combined with increasing exposure could create conditions for further short squeezes. If the price continues to rise, late bears may find themselves trapped, amplifying upward momentum.

Impact of the US–Iran Ceasefire

The recent US–Iran ceasefire has significantly altered the macroeconomic landscape, removing the geopolitical risks that had previously suppressed risk assets. ZEC, which had been one of the worst-performing altcoins, was down nearly 75% from its peak in 2025. However, the ceasefire has unlocked sidelined capital and reignited speculative demand, positioning ZEC among the top performers during this relief rally. Traders are now rotating into deeply discounted assets, with ZEC at the forefront of this rebound.