{"id":117047,"date":"2025-12-01T19:19:03","date_gmt":"2025-12-01T19:19:03","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=117047"},"modified":"2025-12-01T19:19:03","modified_gmt":"2025-12-01T19:19:03","slug":"zcash-zec-nosedives-after-rsi-breakdown-more-pain-ahead","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=117047","title":{"rendered":"Zcash (ZEC) Nosedives After RSI Breakdown \u2013 More Pain Ahead?"},"content":{"rendered":"

Zcash is under pressure after a steep price decline, falling more than 32% over the past week. The token is trading around $365 after dropping over 20% in the last 24 hours. The move follows the loss of key support levels, with traders watching whether the downtrend will continue.<\/p>\n

ZEC had recently posted strong gains, rallying from $40 to $700 in just a few months. The current pullback, however, suggests that the trend may have shifted, with momentum now favoring the downside.<\/p>\n

Key Technical Levels Breached<\/h2>\n

ZEC lost several important levels in a short period. The breakdown below the 50-day simple moving average, the $480 horizontal support, and the 38.2% Fibonacci retracement opened the door to further declines. As a result, the asset fell into the first major liquidity area around $400.<\/p>\n

Crypto analyst Ardi had warned<\/a> of growing weakness, pointing to a failed breakout in the RSI trend. \u201cRepeated warnings of structure being broken<\/em>\u201d were noted after the loss of early support. He also cautioned that overexposed long positions were creating risk, adding, \u201c5% moves were causing a cascade of liquidated long positions<\/em>,\u201d leading to even larger drawdowns.<\/p>\n

<\/a>Zcash price chart. Source: Ardi\/X<\/p>\n

Moreover, Zcash continued lower, reaching a second liquidity zone near $370. Ardi noted<\/a> that he closed half his short position at this level. He added that if this zone breaks, the next area to watch is between $297 and $311, which includes the 61.8% Fibonacci level and a large pool of previous liquidity.<\/p>\n

Trading volume has spiked, crossing $1 billion in the past 24 hours. ZEC has traded between $356 and $457 in the last day, with the broader 7-day range showing a high of $585 and a low near $358 (per CoinGecko data).<\/p>\n

Momentum Indicators Show Further Weakness<\/h2>\n

Technical indicators support the current downtrend. The MACD continues to move lower, with the signal line confirming negative momentum. Red histogram bars are increasing in size, showing strong selling pressure.<\/p>\n

Meanwhile, the Money Flow Index now stands at around 35, pointing to continued outflows, though nearing levels where past reversals have occurred.<\/p>\n

<\/a>ZEC\/USD. Source: TradingView<\/p>\n

Analyst Ali Martinez noted<\/a> that ZEC had returned to a known support zone near $440.<\/p>\n

\u201cBounce or breakdown?\u201d he asked in a recent post.<\/p>\n

That level has now broken, confirming lower lows and maintaining the bearish structure.<\/p>\n

Uncertainty Over Long-Term Direction<\/h2>\n

Market opinion remains divided. Max Keiser commented<\/a>,<\/p>\n

\u201cThe $ZEC \u2018pump \u2018n dump\u2019 is over. A trip back to $55 looks inevitable.\u201d<\/p>\n

His view reflects growing skepticism after the recent drop. Separately, it was recently reported<\/a> that Grayscale has plans to convert its Zcash Trust into an exchange-traded fund (ETF). If approved, the ETF could make it easier for investors to gain exposure to ZEC without needing to hold the asset directly.<\/p>\n

The post Zcash (ZEC) Nosedives After RSI Breakdown \u2013 More Pain Ahead?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Zcash is under pressure after a steep price decline, falling more than 32% over the past week. The token is trading around $365 after dropping over 20% in the last 24 hours. The move follows the loss of key support levels, with traders watching whether the downtrend will continue. ZEC had recently posted strong gains, […]<\/p>\n","protected":false},"author":0,"featured_media":117048,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-117047","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/117047"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=117047"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/117047\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/117048"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=117047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=117047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=117047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}