Zcash Slides Below Moving Averages, Rangebound Above $300
Zcash (ZEC) pulled back from a December 29, 2025 peak near $556 after rejection around the $600 area and has moved below the 21-day and 50-day simple moving averages on the daily chart, indicating a bearish bias. Prices reported in the later update show ZEC trading around $399–$483 depending on timing, while the token has been rangebound on shorter timeframes: a 4‑hour range roughly between $360–$440 (later reports noted $360–$440 or $360–$440) and an intraday sideways band between about $480 support and $560 resistance in earlier coverage. Key support zones sit between $300–$400 (with a prior low near $305), and immediate resistance clusters at $440–$560 and higher structural targets around $700–$800. Technical outlook: daily-chart moving averages below price in the older piece signaled a bullish turn that failed to hold; the newer piece shows price below both the 21‑ and 50‑day SMAs, favoring bears unless ZEC can sustain a move back above those averages. Traders should watch a decisive breakdown below $360–$400 for a drop toward $305, or a clean breakout and hold above the 50‑day/21‑day SMAs and $560–$600 to resume upside toward $700–$800. This is technical analysis and not investment advice.
Bearish
Both articles describe the same price reversal and consolidation after rejection near the $600 area and identify ZEC trading below key short-term moving averages in the later update. The newer summary explicitly places price under the 21‑ and 50‑day SMAs on the daily chart and describes rangebound action between roughly $360–$440 with downside risk to a prior low near $305 if support breaks. Combined signals — price below the 21/50 SMAs, failure to sustain earlier bullish momentum, and a multi-day range with lower highs — point to continued short-term bearish pressure. For traders, this implies heightened probability of further downside or choppy action: short-term traders may favor short or neutral strategies, using $360–$400 as stop/invalidations for bearish setups and watching for a sustained move above the 21/50-day SMAs and $560–$600 to shift bias back to bullish. Longer-term implications are neutral-to-bearish until price reclaims the key moving averages and higher resistance zones (700–800 USD).