Zcash (ZEC) is currently trading at $419.20, reflecting a 2.97% decline over the past 24 hours. Trading activity also softened, with daily volume falling 11.83% to approximately $531.55 million, suggesting reduced short-term participation from traders. Despite the intraday pullback, ZEC has managed to maintain a modest weekly gain, with its price up 2.6% compared to seven days earlier, when it traded near $418.83.
The divergence between price stability over the week and weakness over the last day highlights uncertainty among market participants. While buyers have defended prices above the $400 psychological level, selling pressure has increased near higher resistance zones, limiting upward momentum.
According to crypto analyst Ardi, Zcash has lost the entire exponential moving average (EMA) stack support on the one-hour chart. This development is considered technically significant, as the EMA structure previously acted as a dynamic support zone. Ardi highlighted that the current EMA-based price behavior closely mirrors the macro Double Top pattern observed in November, a formation often associated with bearish reversals.
While a descending trendline may still offer temporary local support, the analyst emphasized that a decisive reclaim of the $430 level is essential to invalidate the bearish setup.
Failure to do so, Ardi noted, increases the probability of a rollover toward a critical support area, potentially completing a newer Double Top formation. The outlook, according to the analysis, remains unchanged unless ZEC successfully holds the trendline and reclaims the broader support zone.
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According to DigitalCoinPrice, ZEC could approach the $488.95 mark by the end of 2025. The platform noted that Zcash briefly registered historically low levels earlier in January 2025, an event described as unprecedented since January 2021. Market analysts referenced in the forecast believe that ZEC has the potential not only to challenge the $488 range but also to surpass its previous all-time high of $5,941.80 under favorable market conditions.
According to these projections, Zcash could soon stabilize within a price band of $468.68 to $488.95, provided broader market sentiment and adoption trends remain supportive. While such forecasts are speculative, they underscore continued confidence in Zcash’s long-term value proposition amid evolving market dynamics.
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