Zcash (ZEC) Stumbles 18%: Can It Find Its Footing, or Is the Downtrend Far From Over?

TheNewsCryptoPubblicato 2026-01-08Pubblicato ultima volta 2026-01-08

Introduzione

Zcash (ZEC) experienced a significant decline of over 18%, dropping from a daily high of $490.75 to a low of $382.44 amid broader bearish sentiment in the cryptocurrency market. At the time of writing, ZEC was trading around $398.21, with its market cap at $6.51 billion. Daily trading volume surged by 47%, reaching approximately $1.04 billion, while $22.66 million in ZEC positions were liquidated. Technical indicators suggest strong bearish momentum, with the MACD and signal lines below zero and the CMF at -0.32 indicating capital outflow. The price retraced to a key support level at $388.65, with potential to decline further below $378.22 if selling pressure continues. However, the daily RSI at 19.34 signals that ZEC is deeply oversold, which may lead to a short-term bounce. A bullish reversal would require breaking above the $408.31 resistance level.

The bearish wind within the market has triggered the crypto assets to trade in the red zone, losing momentum. With the Fear and Greed Index value at 43, the broader sentiment is neutral, and the market cap has lost 2.22% in value. Among the pack of altcoins, Zcash (ZEC) has posted a steady and solid slip of over 18.37%.

In the morning hours, the asset was trading at a peak level of $490.75. As the bears took control of the ZEC market, the price retraced to a bottom of $382.44. Upon the active bearish pressure intensifying, the price movement could see its former lows. As per the CMC data, at press time, Zcash is trading at the $398.21 range.

Besides, ZEC’s market cap is resting at $6.51 billion, with its daily trading volume having increased by over 47.07%, likely touching the $1.04 billion mark. The Coinglass data has reported that the market has experienced an event of liquidation of $22.66 million worth of Zcash during the last 24 hours.

Zcash Technicals Turn Negative as Bearish Momentum Flashes

The MACD line and signal line of Zcash are settled below the zero line, which indicates that bearish momentum is dominating. Unless it starts shifting upward, the downside pressure is likely to persist and may face resistance. Additionally, ZEC’s CMF indicator at -0.32 suggests strong selling pressure. The capital is flowing out, and if the value stays deeply negative, it confirms bearish momentum and weak demand, unless a reversal starts to form.

The recent trading pattern revealed the downside pressure, with the Zcash price retracing to the support at $388.65. Continued bearish correction might initiate the death cross to unfold and send the price below $378.22. Conversely, the asset needs to move up and test the resistance at around $408.31 to trigger the bullish reversal. An extended upside pressure could take the Zcash price above the $418.69 range, likely inviting the golden cross to emerge.

Zcash’s daily RSI is staying at 19.34, pointing to its deeply oversold zone. There is intense selling pressure and exhaustion among sellers. As the trend is bearish, it raises the possibility of a short-term bounce or relief rally. Furthermore, the BBP value of ZEC at -77.69 signals extreme bearish dominance, with the price trading below. Such a deeply negative outlook reflects strong downside momentum, though it can also imply seller exhaustion.

Top Updated Crypto News

Downward Drift in SUI: Could Former Lows Make a Comeback?

Crypto di tendenza

CitreaCTR

wrapped stUSDTWSTUSDT

Velodrome FinanceVELODROME

BrevisBREV

ZRX（0X）ZRX

PancakeSwapCAKE

Domande pertinenti

QWhat was the percentage drop in Zcash (ZEC) price mentioned in the article?

AZcash (ZEC) posted a steady and solid slip of over 18.37%.

QAccording to the article, what is the current value of the Fear and Greed Index and what does it indicate about market sentiment?

AThe Fear and Greed Index value is at 43, indicating a neutral broader market sentiment.

QWhat do the MACD and CMF indicators suggest about the Zcash market momentum?

AThe MACD line and signal line are below the zero line, indicating bearish momentum is dominating. The CMF indicator at -0.32 suggests strong selling pressure and capital flowing out.

QWhat key support and resistance levels are identified for ZEC's price movement?

AThe price retraced to a support level at $388.65. A continued bearish correction could send the price below $378.22. To trigger a bullish reversal, the asset needs to test the resistance at around $408.31, and an extended upside could take it above $418.69.

QWhat does the daily RSI value of 19.34 indicate for Zcash?

AThe daily RSI value of 19.34 points to a deeply oversold zone, indicating intense selling pressure and exhaustion among sellers, which raises the possibility of a short-term bounce or relief rally.

Letture associate

STAR 50 Soars 10.73%, Why Did A-Shares Stage a "V-Shaped Reversal"?

After a prolonged decline, the Chinese A-share market staged a strong rally on July 21. The STAR 50 index surged 10.73%, its largest single-day gain in nearly a year, leading a broad-based "V-shaped" reversal. The Shanghai Composite Index rose 1.79%, the Shenzhen Component Index gained 4.81%, and the ChiNext Index jumped 7.05%. Total market turnover reached 2.97 trillion yuan, an increase of 256.1 billion yuan from the previous session, with over 3,100 stocks advancing. The semiconductor sector spearheaded the rebound, with related ETFs posting significant gains. Analysts attribute the surge to three converging factors. First, coordinated capital inflows from "national team" institutions, insurance funds, listed company buybacks, and fund house self-purchases have bolstered market liquidity and confidence. Second, supportive policy signals, including commitments from regulators to ensure stable market operations, provided a favorable backdrop. Third, a stabilization and recovery in overseas markets, notably South Korea, created a positive external environment. Institutions suggest the most severe panic selling phase for the tech sector has likely passed, following a significant digestion of crowded positions and leveraged funds. While short-term volatility may persist, the medium to long-term outlook remains underpinned by enduring trends like AI computing demand expansion and semiconductor localization. The market's focus now shifts to the sustainability of supportive fund flows, earnings reports, and upcoming catalysts from the global AI industry chain.

marsbit6 min fa

STAR 50 Soars 10.73%, Why Did A-Shares Stage a "V-Shaped Reversal"?

marsbit6 min fa

U.S. Tech Momentum Stocks Post Largest Single-Day Gain Ever, But Is the Plunge Over?

US tech momentum stocks staged a sharp rebound on Tuesday (July 21st). Morgan Stanley's TMT Momentum Factor surged over 12%, marking its largest single-day gain on record, exceeding even peaks from the 2000 dot-com bubble. Key momentum indices from Goldman Sachs also posted their strongest daily performances in years. The rally was led by semiconductors, with the Philadelphia Semiconductor Index jumping 4.6%. This rebound followed three consecutive down days and a cumulative 33% plunge in momentum stocks, one of the steepest drawdowns since the dot-com era. Analysts attribute the surge largely to a short squeeze. Heavy selling had pushed high-beta momentum stocks into deeply oversold territory, forcing many short sellers, particularly in Asia, to cover their positions, creating a self-reinforcing buying spiral. However, the rebound's internals appear weak. Trading volume was notably low, and advancing stocks still lagged decliners on the S&P 500, indicating a narrow, concentrated rally rather than broad market participation. Diverging views emerge on the outlook. BTIG warns the bounce has hit key resistance and recommends selling into strength, citing extreme volatility and historical parallels to past market tops. Conversely, Goldman Sachs and UBS believe the momentum unwind is nearing its end, suggesting it may be time to gradually add exposure, as positioning has been significantly reduced. They caution, however, that high volatility warrants a measured approach, potentially using defined-risk strategies. The upcoming earnings season, particularly reports from major tech firms like Alphabet, is seen as a critical test for the rally's sustainability. Simultaneously, bond markets flashed a warning, with yields rising partly due to spiking oil prices. Analysts note that if long-term Treasury yields break decisively higher, it could pose a significant headwind for equities, especially growth stocks.

marsbit13 min fa

U.S. Tech Momentum Stocks Post Largest Single-Day Gain Ever, But Is the Plunge Over?

marsbit13 min fa

U.S. Tech Momentum Stocks Record Largest Single-Day Gain Ever, but Has the Rout Ended?

U.S. tech momentum stocks staged a dramatic rebound on Tuesday, July 21st. Key momentum indices like the Morgan Stanley TMT Momentum Factor and Goldman Sachs' High Beta Momentum Long Index posted historic or near-historic single-day gains, fueled largely by semiconductor stocks. This sharp rally followed a severe three-day sell-off that saw momentum stocks plunge 33%, marking one of the steepest pullbacks since the dot-com bubble. Analysts attribute the bounce primarily to a short squeeze, as forced covering from over-leveraged traders, particularly in Asia, created a buying spiral. However, the rally's health is questioned due to weak market breadth—overall trading volume was low, and decliners outnumbered advancers in the S&P 500 despite the index's gain—suggesting a narrow, concentrated surge rather than broad recovery. Opinions on the sustainability diverge. BTIG strategists warn the rebound has hit key resistance levels, citing extreme volatility and historic stock dispersion as signs of an ongoing broader correction, and recommend selling into strength. Conversely, Goldman Sachs and UBS view the aggressive momentum unwinding as nearing its end, noting reduced positioning and a lack of new fundamental catalysts. They suggest the sell-off presents a selective opportunity to add exposure, albeit cautiously and gradually using defined-risk strategies. The immediate trajectory hinges on the ongoing earnings season, with market focus on Alphabet's capital expenditure guidance for AI investment clarity. Meanwhile, bond markets present a risk, with rising Treasury yields—potentially heading toward 5.5%—and widening credit spreads for mega-cap tech companies posing a threat to equity valuations. The combination of technical factors, earnings results, and macro conditions leaves the durability of the rebound in doubt.

链捕手16 min fa

U.S. Tech Momentum Stocks Record Largest Single-Day Gain Ever, but Has the Rout Ended?

链捕手16 min fa

Bitcoin flashes 3 macro-bottom signals – But can BTC reach $70K?

The article discusses Bitcoin's recent price movement above $66,000 and a shift in market analysis from focusing on a local bottom to a potential macro-cycle bottom. It cites a crypto analyst noting that BTC has flashed three historical technical signals that previously coincided with major market bottoms in 2015, 2019, and 2022, suggesting the current zone could be a strong long-term accumulation area. However, the article also highlights a significant challenge: despite the price breakout, on-chain data shows a lack of supporting liquidity. Stablecoin dominance is rising while the total stablecoin market cap is shrinking, with capital continuing to leave exchanges. This divergence indicates that while the technical setup is bullish, the rally may struggle to sustain enough momentum for a decisive move into the $70,000 region without an influx of fresh capital.

ambcrypto18 min fa

Bitcoin flashes 3 macro-bottom signals – But can BTC reach $70K?

ambcrypto18 min fa

Long-Divided Must Unite, Long-United Must Divide: When L1 Becomes Its Own Rollup, What Is Ethereum's Endgame?

"The Inevitable Cycle: When L1 Becomes Its Own Rollup – What is Ethereum's Endgame?" For years, the Ethereum community grappled with concerns that L2s were fragmenting the ecosystem and eroding L1's value. While L2s provided cheaper execution, they also splintered liquidity and the unified user experience of a single chain. This has prompted a fundamental reassessment of the relationship between L1 and L2. Ethereum's roadmap is evolving. The "Scale" initiative merges L1 and L2 expansion into a holistic framework. L1 itself is advancing with higher gas limits, statelessness, and zkEVM verification, no longer content to be just a low-throughput settlement layer. Consequently, the primary value proposition of L2s is shifting from merely providing cheap blockspace to offering L1 cannot easily provide: application-specific optimizations, privacy features, and flexible governance models. L2s are becoming a spectrum of execution environments with varying degrees of security inheritance from Ethereum. A critical challenge in this multi-chain future is interoperability. The vision is to make Ethereum "feel like one chain again." This relies on advancements in native account abstraction (like EIP-7702) and intent-based architectures (Open Intents Framework), where users declare desired outcomes, and solvers handle the complex cross-chain execution. Furthermore, shortening Ethereum's finality time from minutes to seconds is crucial, as it underpins trust between chains for bridges, stablecoins, and cross-chain applications. Perhaps the most provocative idea is that Ethereum L1 itself could become a form of "its own Rollup." As zkEVM and proof systems mature, high-performance nodes could execute transactions and generate validity proofs. Regular validators would then verify these proofs instead of re-executing all transactions. This blurs the traditional L1/L2 hierarchy, making "Rollup" more of a general execution-verification architecture. Native Rollup aims to integrate L2 validation more directly into the Ethereum protocol, allowing L2s to inherit L1's security more fully and move away from reliance on security councils. In the end, L2s are not destined to replace L1 or be made obsolete by it. The likely future is a unified system where diverse execution environments—each optimized for specific use cases like DeFi, gaming, or privacy—coexist. They will share a common foundation of security, liquidity, and verifiable state, seamlessly connected to restore a cohesive user experience. The next phase for Ethereum is not just about scaling through separation, but about intelligently reintegrating what was separated back into a coherent whole.

链捕手32 min fa

Long-Divided Must Unite, Long-United Must Divide: When L1 Becomes Its Own Rollup, What Is Ethereum's Endgame?

链捕手32 min fa

Trading

Spot

Articoli Popolari

Come comprare ZEC

Benvenuto in HTX.com! Abbiamo reso l'acquisto di Zcash (ZEC) semplice e conveniente. Segui la nostra guida passo passo per intraprendere il tuo viaggio nel mondo delle criptovalute.Step 1: Crea il tuo Account HTXUsa la tua email o numero di telefono per registrarti il tuo account gratuito su HTX. Vivi un'esperienza facile e sblocca tutte le funzionalità,Crea il mio accountStep 2: Vai in Acquista crypto e seleziona il tuo metodo di pagamentoCarta di credito/debito: utilizza la tua Visa o Mastercard per acquistare immediatamente ZcashZEC.Bilancio: Usa i fondi dal bilancio del tuo account HTX per fare trading senza problemi.Terze parti: abbiamo aggiunto metodi di pagamento molto utilizzati come Google Pay e Apple Pay per maggiore comodità.P2P: Fai trading direttamente con altri utenti HTX.Over-the-Counter (OTC): Offriamo servizi su misura e tassi di cambio competitivi per i trader.Step 3: Conserva Zcash (ZEC)Dopo aver acquistato Zcash (ZEC), conserva nel tuo account HTX. In alternativa, puoi inviare tramite trasferimento blockchain o scambiare per altre criptovalute.Step 4: Scambia Zcash (ZEC)Scambia facilmente Zcash (ZEC) nel mercato spot di HTX. Accedi al tuo account, seleziona la tua coppia di trading, esegui le tue operazioni e monitora in tempo reale. Offriamo un'esperienza user-friendly sia per chi ha appena iniziato che per i trader più esperti.

288 Totale visualizzazioniPubblicato il 2024.12.12Aggiornato il 2026.06.02

Discussioni

Benvenuto nella Community HTX. Qui puoi rimanere informato sugli ultimi sviluppi della piattaforma e accedere ad approfondimenti esperti sul mercato. Le opinioni degli utenti sul prezzo di ZEC ZEC sono presentate come di seguito.