Zcash Forecast: 700% Rally From Blue Box Confirms Bullish Outlook

Zcash (ZECUSD) has delivered an impressive 700%+ rally from our projected blue box buying area, confirming the bullish Elliott Wave outlook highlighted in our previous analysis. The latest weekly chart shows how ZEC followed the anticipated bullish path, with the larger Elliott Wave structure suggesting further upside toward the $2,072–$2,611 region before completing wave ((1)).

Zcash Elliott Wave Analysis: Our Previous Forecast

In our December 2025 analysis, we explained how Zcash completed a major corrective structure labeled ((W))-((X))-((Y)) near the equal legs extension at $7.72. This marked the completion of the larger wave II correction and the beginning of a new bullish cycle.

The initial rally developed as an impulsive sequence, completing waves (1), (2), and (3). We expected a corrective pullback in wave (4), followed by another advance in wave (5) to complete the larger wave ((1)). The projected blue box buying area offered an opportunity to participate in the next bullish sequence.

ZECUSD Delivers Over 700% Rally From Blue Box

The updated October 2026 weekly chart shows that Zcash respected the anticipated bullish structure. Following the corrective decline into our blue box region, buyers emerged aggressively, pushing ZEC toward the $1,700–$1,800 region.

The chart highlights an impressive 711% rally from the projected buying area, demonstrating how the bullish Elliott Wave sequence unfolded as anticipated.

The strong recovery supports the interpretation that wave (4) completed its correction before the market resumed higher in wave (5) of ((1)).

What’s Next for Zcash? Wave ((1)) Targets $2,072–$2,611

Despite the substantial rally, the Elliott Wave structure suggests that the advance remains incomplete. Zcash is currently progressing within wave (5) of the larger wave ((1)), with the next projected upside target falling between $2,072 and $2,611. Once wave ((1)) completes within this region, we expect a larger corrective pullback in wave ((2)), potentially offering another buying opportunity before the broader bullish trend resumes. As long as the major invalidation level at $7.72 holds, the long-term Elliott Wave outlook remains bullish.