Zcash (ZEC) seems to be recovering from its crash earlier this month. The asset appears to be garnering trust among investors once again as prices turn green in the daily and weekly charts. According to CoinGecko data, ZEC’s price has rallied 5.8% in the last 24 hours, 11% over the last week, and more than 800% since January 2025. However, the privacy-focused cryptocurrency is still down by 5.9% in the 14-day charts and 26.7% over the previous month. Let’s discuss if Zcash (ZEC) can sustain its rally or will the asset face another correction in the coming days.
Can Zcash (ZEC) Sustain Its Rally, Or Will It Crash Again?
Zcash (ZEC) suffered a massive price correction earlier this month after severe internal struggles. The entire development team behind ZEC’s protocol quit en masse after substantial internal differences. However, their troubles seem to be cooling off as the asset shows signs of a recovery.
However, Zcash’s (ZEC) recovery is likely due to the US authorities closing an old investigation that began in August 2023. The U.S. Securities and Exchange Commission ended its inquiry without taking enforcement action against the nonprofit.
Despite the upswing, it is unclear if Zcash’s (ZEC) rally will sustain or not. The larger crypto market continues to face challenges from macroeconomic uncertainties and geopolitical tensions. Moreover, investors seem to be taking a less risky path, opting for safe havens like gold and silver.
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Although the market conditions are quite bearish, CoinCodex analysts anticipate Zcash (ZEC) to continue its rally over the coming months. The platform predicts ZEC will hit $667 on April 16, 2026. Hitting $667 from current price levels will entail a rally of about 70.6%. However, bearish forces could present unforeseen challenges to the privacy-focused crypto asset.
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