Zcash Developers Resign, ZEC Price Plummets 22%
- Developer Resignation: The core development team of Zcash resigned due to a dispute with the Bootstrap board, resulting in a 22% drop in ZEC price over two days, falling from above $500 to below $400, indicating significant uncertainty about the project's future.
- Price Fluctuation Analysis: ZEC had surged over 1,000% in the second half of 2025, establishing itself as one of the most promising cryptocurrencies, but this resignation has clouded its outlook, undermining investor confidence.
- Whale Activity: Despite the price decline, whales purchased approximately $26 million worth of Zcash on the spot market, indicating confidence in a potential rebound, yet the overall market faced strong sell pressure with over $37 million in net outflows in the last 24 hours.
- Futures Market Changes: Zcash's futures open interest decreased from $1.33 billion on December 29 to $1.03 billion currently, reflecting a cautious investor sentiment regarding market prospects, although whale activities may provide short-term relief.
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Technical Analysis for ZEC
Technical Sentiment Analysis for Zcash (ZEC) As of , Zcash (ZEC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ZEC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ZEC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Zcash (ZEC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 12.005 | 98.288 | 183.865 | 270.148 | 355.725 | 442.008 | 527.585 |
| Fibonacci | 98.288 | 163.938 | 204.497 | 270.148 | 335.798 | 376.357 | 442.008 |
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