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Zcash Slides Toward $250 as Correction Phase ExtendsZcash (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. 👉 Follow for more crypto market updates, technical analysis, and objective insights. #zcash #ZEC #CryptoNews

Zcash Slides Toward $250 as Correction Phase Extends

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.
👉 Follow for more crypto market updates, technical analysis, and objective insights.
#zcash #ZEC #CryptoNews

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Zcash Slides Toward $250 as Correction Phase Extends

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