Technical analysis by mycotoxin about Symbol ZEC on 11/1/2025

A marubozu candle is a strong bullish candle with heavy volume and no wicks on either end. The lack of wicks means buyers were completely in control—pushing price up from open to close with zero hesitation. What's extremely rare here is that marubozu candles usually show up on daily or hourly charts, not monthly charts. However on the ZCASH chart, we're seeing a full marubozu on the monthly timeframe with massive supporting volume. This isn't just a trend change—it's a regime change. Whales have been accumulating for 8 years and have finally signaled they're ready to push price to higher pastures. I expect price to hit resistance around $460, consolidate there for a bit, then push toward the $1,000-$1,500 area This is a textbook breakout after years of accumulation. The monthly marubozu with volume tells you everything you need to know—smart money is done waiting and this could be the start of something bigLooking at the ZECBTC chart there is no resistance till price reaches .00678 BTC hence price can also hit around the $700 mark before a pullback is seenReviewing the ZECBTC chart. Price has currently stopped at the top of the main resistance around 700. To be honest, I just don't see ZEC blasting through this area as folks trapped since 2017 will be exiting, along with institutions likely taking some profit. I'd guess a consolidation dip to the 400-380 area is in the works before price recovers. My expectation is price consolidates for a few weeks/months between 750-380, then the ZEC run continues in 2026 towards the 10k zone. Just my thoughts—not financial advice.