Zcash (ZEC) went up by 12% in the last 24 hours, thereby greatly outperforming the overall cryptocurrency market, which only went up by 2.3% during the same period. The rally of the privacy-focused digital asset can be attributed to positive-sounding changes in its technical improvements.
As per CMC data, Zcash (ZEC) is currently trading at $444.40 which is a significant 12% increase over the last last 24 hours. In comparison to the overall cryptocurrency market which only increased by 2.3%, ZEC’s price is by far the most impressive one. This is the kind of move we see after numerous ups and downs in which the privacy-focused coin had extreme volatilities in the fourth quarter of 2025.
The daily chart in fact tells a very interesting story from a technical point of view. The ZEC price stabilized around $50-60 in the months of August and September, and in early October it went on a very successful rally quite abruptly, thus it was able to reach a value close to $750 in mid-November.
Unfortunately, this parabolic move was followed by a steep downward trend that resulted in a return to the $300 support level in the beginning of December. The current price of $444 is a comeback from those December lows thus ZEC is now trading above its 50-day exponential moving average at $415.28 and its 200-day EMA at $226.81. This situation indicates that the cryptocurrency is still in a medium-term uptrend despite the recent decline.
What Next For Zcash (ZEC) Price?
The MACD indicator that tracks the momentum of the stock price is quite negative. The MACD line at -27.03 is far below the signal line at -26.48. Since late November, the histogram has mostly been red, which is an indication that there has been continuous selling pressure. Likewise, the sentiment indicator has dropped substantially to -21.68, which is a strong indication of negative market psychology after the peak in November.
However, the RSI indicator tells a different story. The RSI at 50.92 has made a recovery from the oversold region that is below 30 and is now in a neutral zone, which means that the selling pressure experienced recently may be coming to an end. If the RSI goes on to stay above its moving average, it could be an indication of bullish momentum gaining strength.
The market is testing the $400 to $450 range which is a very important level psychologically and it is also trading above the rising 50-day EMA and 200-day EMA, which has been providing dynamic support. Longs will have to get back in charge if ZEC can get back above the $500 level and there is a buying pick-up that shows, while shorts will be waiting for a breakdown below the 50-day EMA to continue the correction move.
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