Samson Mow tells Zcash holders to cash out and buy Bitcoin

Samson Mow urged Zcash holders to take advantage of the privacy coin’s parabolic rally and turn it into Bitcoin, while comparing it to volatile meme coin Dogecoin.

Mow, CEO of Bitcoin technology company JAN3, posted a screenshot of the Dogecoin (DOGE) chart on X, asking his 357,000 followers to determine where they currently are on the chart.

For everyone who is passionate about Zcash, here is DOGE. Your job is to determine where you currently are on this graph.

If you are smart, you will buy Bitcoin with your winnings. pic.twitter.com/KdjiSVOTe7

– Samson Mow (@Excellion) November 7, 2025

“For everyone who is passionate about Zcash, here is DOGE,” said the Bitcoin bull. “If you are smart, you will buy Bitcoin with your winnings.”

The ZEC parabolic rally continues

ZEC price has exploded 1,120% since September 28 after jumping another 21% in the last 24 hours, according to CoinMarketCap.

ZEC Price (Source: CoinMarketCap)

The privacy token’s rally, driven in part by renewed interest in privacy technologies and tools such as the Zashi wallet, has pushed ZEC to its highest level since 2018.

With a market capitalization that has soared to more than $10 billion, ZEC is currently ranked as the 13th largest crypto, positioning it above the Bitcoin fork Bitcoin Cash (BCH) and below the main oracle project Chainlink (LINK).

Some say Zcash, a 2016 fork created by computer security expert Zooko Wilcox, has skyrocketed thanks to real-world advancements in infrastructure and growing attention to privacy.

But other members of the community said the rally could be artificial, warning investors that they could end up “exit cash.”

Zcash Price tries to break out of the channel in prolonged conditions

Whether Zcash’s rally is an artificial pump or due to real ecosystem developments, the altcoin has traders glued to their screens.

Daily chart for ZEC/USD (Source: GeckoTerminal)

Looking at the crypto’s daily chart, ZEC is currently trying to break out of the ascending price channel it has been trading in for the past two weeks. This could either be a counterfeit or a precursor to a parabolic move, especially since the upper boundary of the channel also confluences with the resistance level of $598.35.

Closing today’s session above this barrier could extend the altcoin’s rally. Conversely, a rejection could result in a pullback towards the nearest support at $450.79. Falling below this technical safety net could then result in the risk of ZEC falling to $317.99 in the near term.

From a technical indicator perspective, ZEC is showing signs of overextension. Specifically, traders will want to keep an eye on the Relative Strength Index (RSI), which is approaching extreme overbought territory at 90. This suggests that ZEC’s downside potential is greater than its potential to continue its rally.

However, it is not uncommon for the RSI to remain high for extended periods when a crypto is rallying. Additionally, the 9 and 20 exponential moving averages (EMA) as well as the moving average convergence divergence (MACD) show that momentum is still strongly in favor of the bulls.

Many analysts believe that Zcash’s rally will continue even amid the excessive extension seen with the RSI. Among them is Arthur Hayes, co-founder of BitMEX, who predicted that ZEC would reach $10,000.

This is simply ridiculous.$ZEC at $10,000 pic.twitter.com/EfyiPB2Azl

-Arthur Hayes (@CryptoHayes) November 7, 2025

Related articles:

Best Wallet – Diversify your crypto portfolio

• Easy-to-use, feature-driven crypto wallet
• Get Early Access to Upcoming Token ICOs
• Multi-chain, multi-wallet, non-custodial
• Now on App Store, Google Play
• Stake to win a $BEST native token
• More than 250,000 active users per month