Samson Mow instructs Zcash holders to cash out and buy Bitcoin.

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Samson Mow urged Zcash holders to profit from the privacy coin’s parabolic rally and convert to Bitcoin, likening it to the volatile meme coin Dogecoin.

Mow, CEO of Bitcoin technology company JAN3, posted a screenshot of a Dogecoin (DOGE) chart on X, telling his 357,000 followers to find out where it currently stands on the chart.

DOGE is for everyone who is interested in Zcash. Your job is to find out where you are in this chart right now.

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

— Samson Mou (@Excellion) November 7, 2025

“For everyone interested in Zcash, this is DOGE,” the Bitcoin bull said. “If you are smart, you will buy Bitcoin with your profits.”

ZEC’s Parabolic Rally Continues

ZEC price is said to have surged 1,120% since September 28, after surging another 21% in the last 24 hours. CoinMarketCap.

ZEC price

ZEC price (source: CoinMarketCap)

The rally in privacy tokens, driven in part by renewed interest in privacy technology and tools like the Zashi wallet, has pushed ZEC to its highest level since 2018.

With the market capitalization swelling to over $10 billion, ZEC is currently ranked as the 13th largest cryptocurrency. Bitcoin fork Bitcoin Cash (BCH) above, leading oracle project Chainlink (LINK) below.

Some say Zcash, a 2016 fork created by computer security expert Zooko Wilcox, has soared due to real-world infrastructure advancements and growing concerns about privacy.

But others in the community said the rally could be artificial and warned investors it could end up being “exit liquidity.”

Zcash price about to break out of channel under extended conditions

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

ZEC chart image

ZEC/USD daily chart (Source: gecko terminal)

Looking at the daily chart of the cryptocurrency, ZEC is currently trying to break out of the rising price channel it has been trading in for the past few weeks. This could be a fake out or a precursor to a parabolic move. Especially because the upper boundary of the channel joins the $598.35 resistance level.

Ending today’s session above that barrier could extend the altcoin’s rally. Conversely, a rejection could lead to a decline to the nearest support level at $450.79. A fall below this technical safety net risks ZEC falling as low as $317.99 in the near term.

From a technical indicators perspective, ZEC is showing signs of overextension. More specifically, traders will want to keep an eye on the Relative Strength Index (RSI), which is nearing extremely overbought territory at 90. This means that ZEC’s downside potential is greater than its potential to continue its uptrend.

However, when a cryptocurrency rallies, it is not uncommon for the RSI to remain high for a period of time. Moreover, the 9 and 20 exponential moving averages (EMA) and moving average convergence divergence (MACD) show that the momentum is still in favor of the bulls.

Many analysts believe that Zcash’s upward trend will continue even amidst the excessive expansion of RSI. Among them is BitMEX co-founder Arthur Hayes, who predicted that ZEC would soar to $10,000.