Zcash Price Forecast: Bull Flag Breakout Targets $1,865

Zcash Price Forecast: Bull Flag Breakout Targets $1,865

Yashu Gola

Thu, September 17, 2026 at 11:21 AM GMT+3 2 min read

• ZEC-USD -1.29%

Zcash (ZEC) surged with the crypto market to a new record high and is now eyeing further gains on a convincing bullish continuation setup.

ZEC Breaks Out Of Bull Flag Pattern

ZEC's price jumped by almost 35% to reach near $1,396 on Sept. 17, its highest level on record. This upside move pushed the price above the upper trendline of its recent bull flag, a continuation pattern that typically resolves in the direction of the preceding uptrend.

The pattern appeared after Zcash rallied sharply from around $800 in late August to above $1,200 in September. ZEC then entered a brief consolidation phase, forming lower highs while holding above rising support.

A sustained close above the $1,300-$1,350 area could strengthen the bullish confirmation and open the door toward approximately $1,750-$1,865. That would represent roughly another 30%-37% upside from current levels.

ZEC is also trading comfortably above its major exponential moving averages.

Its 20-day exponential moving average (20-day EMA, green) sits near $1,077, followed by the 50-day EMA (red) around $866, indicating that the short- and medium-term trend remains strongly bullish.

Meanwhile, the daily relative strength index (RSI) stands near , just below the conventional overbought threshold of 70. That suggests momentum remains elevated, though the high reading also raises the possibility of short-term volatility or profit-taking.

ZEC's funding rate remains negative at around -0.0202%, despite the price rally. Persistent bearish positioning in the derivatives market could amplify the upside if rising prices force leveraged shorts to close.

ZEC Cup-and-Handle Breakout Targets $2,700

Zcash's weekly chart adds another bullish layer, with ZEC confirming a breakout from a multi-month cup-and-handle pattern.

The structure began forming after ZEC peaked near $700 in late 2025, followed by a rounded decline toward roughly $180-$200 and a gradual recovery back to the same resistance area. A smaller consolidation beneath $700 subsequently formed the "handle."

ZEC has now broken decisively above the pattern's $698-$700 neckline, turning the former resistance zone into potential long-term support.

Based on the cup's depth on the logarithmic chart, the breakout points toward approximately $2,700-$2,720 as its broader technical target. That would represent nearly 100% upside from ZEC's current price near $1,360.

However, the weekly RSI has climbed above , putting Zcash in overbought territory. That raises the possibility of an interim pullback or consolidation before the larger cup-and-handle target comes into play.

This article was originally posted on FX Empire

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