Zcash Price Prediction: Will ZEC Hit $500 This November?

Zcash (ZEC) has been on a remarkable upswing, surging over 10% in the past 24 hours and gaining more than 50% in the last week. Currently trading around $414, the privacy-focused cryptocurrency is showing strong bullish momentum as traders eye higher targets in November.

The recent rally is largely driven by a short squeeze and increasing anticipation ahead of the November 2025 halving, which will reduce mining rewards to between 1.5625 and 3.125 ZEC per block. This event has historically boosted investor confidence, often sparking strong price action. Over $65 million in ZEC futures have been liquidated, mostly from short positions, adding fuel to the upward movement.

Adding to the hype, former BitMEX CEO Arthur Hayes has projected a long-term ZEC price target of $10,000, amplifying social media buzz and retail FOMO. Zcash has also benefited from a favorable technical setup, breaking out of a triangle pattern that signaled renewed bullish momentum. The market’s next key resistance lies near $420—if ZEC breaks this level, analysts expect a possible rally toward $500 or higher.

Technical indicators also support this bullish outlook. The Relative Strength Index (RSI) is hovering around 64, suggesting strong momentum but nearing the overbought zone. Meanwhile, the Chaikin Money Flow (CMF) at 0.24 indicates sustained buying pressure, reinforcing market optimism.

As long as Zcash holds support around $400, the uptrend is likely to continue. However, a dip below this level could signal a short-term correction. For now, investors are closely watching whether ZEC can maintain its momentum and test the $500 level before the end of November.