zcash

Zcash (ZEC) is trading around the $250 level at the time of writing on Thursday, remaining under sustained selling pressure as the broader correction phase continues. The privacy-focused cryptocurrency is currently trading below both the 50-day and 200-day Exponential Moving Averages (EMAs) — two key trend indicators that are now sloping downward and approaching a potential death cross, a technical pattern often associated with increasing medium-term bearish risk.
ZEC’s decline accelerated after price was rejected near the $300 area, which closely aligned with the 200-day EMA, reinforcing this zone as a major dynamic resistance. The pullback also pushed Zcash below the 38.2% Fibonacci retracement level at $258, calculated from the September 22 swing low at $46 to the November 7 peak at $750.
Downside Risk Expands Toward $186 Fibonacci Support
Since the start of the week, ZEC has lost approximately 20% of its value, signaling growing downside momentum. If selling pressure persists, technical projections suggest that the correction could extend toward the 50% Fibonacci retracement level near $186, which now stands out as the next major support zone to monitor.
A decisive move toward this area would indicate a deeper structural retracement within Zcash’s prior rally, particularly if broader market sentiment remains cautious.
Momentum Indicators Remain Bearish
Momentum indicators continue to confirm the bearish outlook. The MACD indicator shows both the MACD line and the signal line trending lower in negative territory, while the expanding red histogram bars reflect strengthening selling pressure and limited upside momentum.
At the same time, the Relative Strength Index (RSI) has dropped to around 28, placing ZEC firmly in oversold territory. While such readings may open the door for short-term technical rebounds, they do not, on their own, signal a confirmed trend reversal.
Key Resistance Levels to Watch
On the recovery side, the $300 level remains the most important resistance area. Any meaningful rebound would likely require ZEC to reclaim the $258 Fibonacci level, which could help stabilize price action in the near term. Until then, upside attempts may continue to face selling pressure at higher levels.
Market Outlook
Overall, Zcash remains in a technically vulnerable position, with trend structure, moving averages, and momentum indicators aligned to the downside. While oversold conditions may trigger brief relief moves, the broader setup continues to favor caution until stronger confirmation of demand emerges.
This article is for informational purposes only and does not constitute investment advice. Readers should conduct their own research before making any investment decisions. The author is not responsible for any financial losses incurred.
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The crypto market is witnessing a significant technical breakdown for ZCash ($ZEC ). After failing to hold key resistance levels, the asset has entered a "Clear Downtrend," as confirmed by both long-term moving averages and real-time price action.

If you are looking for a high-probability setup, here is the professional breakdown of why $ZEC is currently a "Sell on Strength" candidate.

1. The Technical Breakdown:
Moving Averages & Trendlines
The 1-hour (1H) chart reveals a textbook bearish alignment. $ZEC is currently trading well below all major Moving Averages (MA5, MA10, and MA20).

Long-Term Sentiment:
The MA120 (currently at 297) acts as a heavy ceiling, confirming that the macro trend remains firmly in the hands of the bears.

Price Action: The recent breakdown below the $263 level—previously a minor support—has now flipped that zone into a formidable resistance area.

2. Momentum Indicators:
Oversold but Weak
Looking at the 15-minute and 1-minute live charts, we see a crucial development:

RSI Alert:
The Relative Strength Index (RSI) on the 15m timeframe is currently hovering around 18.46. While this indicates the asset is "oversold," in a strong downtrend, oversold levels often stay low while the price continues to bleed.

Volume Analysis:
Rebounds are characterized by low volume, suggesting a lack of "Dip Buying" interest. Conversely, sell-side volume spikes during every minor drop.

Order Book Sentiment:
On-chain data shows a heavy imbalance, with nearly 70% of the order book skewed toward Short positions, signaling that the market is betting on further downside.

3. The Strategic Trade Setup
Based on the current live price of approximately $259.66, the original bearish thesis remains highly valid. Traders should look for entries on "relief rallies" to maximize the Risk-to-Reward ratio.

Metric Target Level Notes
Entry Zone $263 - $268 Look for a pullback to the MA5 or BOLL mid-band.
Stop Loss $278 Set strictly above the MA20 and recent local resistance.
Take Profit 1 $250 Strong psychological support level.
Take Profit 2 $240 The ultimate target if the current support structure collapses.

⚠️ Risk Management Note
While the indicators point downward, the extremely low RSI suggests a potential "Dead Cat Bounce" could occur shortly. Avoid "chasing" the price at the very bottom of a candle; instead, wait for a minor pullback to the $263 level to enter a short position with a tighter stop loss.

What do you think? Will ZEC hold the $250 level, or are we sliding straight to $240? Let us know in the comments!

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