The cryptocurrency market has once again become the focus of investors, especially the price trends of Zcash (ZEC) have sparked heated discussions. As the third halving of ZEC approaches in November 2025, market sentiment has become complex. The halving will reduce the mining reward from 3.125 ZEC to 1.5625 ZEC, which will undoubtedly put pressure on miners. However, historical data shows that ZEC may experience significant gains within three months after the halving.

From a technical analysis perspective, ZEC is currently at a critical position. The price hovers around $238, between a resistance level of $263.49 and a support level of $224.72. The MACD indicator shows short-term weakness, but the RSI is close to the overbought zone, suggesting that buying pressure still exists. The price has stabilized above the 50-day and 200-day moving averages, forming a triple bottom pattern, which is a potential bullish signal.

However, investors need to be cautious about this market. If ZEC breaks through $263, it may further rise to $280 or even $300. Conversely, if it falls below the support level of $224, it could trigger a wave of decline.

Market analysts believe that the current investment opportunity for ZEC outweighs the risks. Factors such as the halving event, technical reversal, and a resurgence in privacy demand have collectively driven the potential upside for ZEC. Nevertheless, investors should remain vigilant and are advised to limit their investment in ZEC to within 5% of their total investment portfolio, setting a stop-loss point at $224.

In an environment where volatility in the cryptocurrency market is intensifying, investors need to stay calm, closely monitor market trends, and manage risks effectively. Whether bullish or bearish, one must always remember: the market is ever-changing, and rational investment is the key to success.