Zcash has become one of the most notable altcoins of November. Against the backdrop of Bitcoin weakening, this privacy asset is showing strong growth and is moving almost independently from the market. Investors are regaining interest in privacy coins, and technical data reinforces the bullish scenario for ZEC.
Zcash moves against Bitcoin and strengthens its resilience
The main feature of the current trend is an almost perfect negative correlation with BTC. ZEC’s correlation with Bitcoin remains at –0.78, which means the coin rises when BTC falls.
In a market with reduced liquidity and nervous moves, such independence plays a key role. Bitcoin has been trading near $90,000 for several days after a prolonged pullback, while Zcash is gaining in price and strengthening its position.
The negative correlation has persisted since the beginning of November, making ZEC one of the few assets able to maintain upward momentum regardless of Bitcoin’s behavior.
Liquidations may accelerate ZEC’s growth
An additional bullish factor is the liquidation map. According to Coinglass, shorts with a volume of about $51 million are concentrated at the $788 level.
If the price reaches this zone, mass liquidations of short positions may accelerate ZEC’s upward movement. Liquidation clusters often act as ‘fuel’ for surges, strengthening momentum through forced closures.
This makes bearish strategies risky — the market can turn against shorts in a matter of minutes.
ZEC has room to grow
Currently, Zcash is trading around $671, moving towards key resistance at $700. Since the beginning of the month, the asset has grown by 65.5 percent, reflecting high demand and interest from both retail and institutional traders.
If buyers maintain the current pace, ZEC could:
- break through $700
- consolidate above $800
- test $900
- reach $1,000, which is 49 percent above the current price
This scenario is realistic within the next 10 days if market support continues.
Where a correction might start
If selling pressure increases, ZEC could roll back to:
- $600 — the first support zone
- $520 — a deep correction that would break the bullish scenario
Breaking these levels would signal cooling interest and a weakening trend.
What’s next?
Zcash remains one of the strongest assets of the current cycle. Independence from Bitcoin, negative correlation, large liquidation clusters, and powerful monthly growth create a foundation for the continuation of the uptrend.
The key level is $700. Breaking through and turning it into support will open the way for ZEC to $800, $900, and potentially $1,000 — provided that demand remains strong.
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