Hello, AltcoinRadarID Community!
The privacy coin sector is facing a major storm. Zcash (
$ZEC ), a pioneer in the privacy space, has just recorded a sharp decline, breaking through key psychological support levels. What’s the real story behind this crash? Let’s dive deep into the data!
🚨 Fundamental Shock: Mass Resignation of ECC Core Team!
This price "bleeding" isn't just technical; it’s driven by a significant leadership crisis. As of January 8, 2026, the entire core development team at the Electric Coin Company (ECC) officially resigned en masse.
Key Takeaways:
Governance Conflict: The ECC team cited ongoing disputes with the Bootstrap non-profit board, claiming it hindered Zcash’s original vision.
Roadmap Uncertainty: While the departing team plans to form a new entity called cashZ, the market responded with panic selling due to fears over future protocol updates like Halo 2.
Network Status: On a positive note, the Zcash protocol remains fully operational as it is open-source and decentralized.
📊 Technical Analysis: Hunting for a "Floor" at $360
Based on the multi-frame analysis of the
$ZEC /USDT charts:
Strong Bearish Structure: Price has fallen significantly below all major Moving Averages (MA 5, 10, 20, 50, and 100). ZEC is currently struggling to hold the $379 level.
Oversold RSI: The Daily RSI is sitting at 36.06, while the 4H RSI recently touched 27.09. Historically, these "oversold" levels often trigger a short-term technical rebound.
Massive Volume: This dump is backed by a huge 24-hour trading volume of approximately 1.14 Billion USDT, indicating a mix of liquidations and whale accumulation at lower levels.
💡 Strategy & Key Levels to Watch
For those tracking ZEC, keep these levels on your radar:
Critical Support: $360.70 (24h Low). If this level fails to hold, the next downside target could be the $320 zone.
Key Resistance: $412 - $440. ZEC needs a daily candle close above these levels to convince the market that the crash has bottomed out.
AltcoinRadarID Opinion: This is a "litmus test" for the Zcash community. While the RSI suggests ZEC is "cheap," the fundamental "smoke" hasn't cleared yet. We recommend a Wait & See approach until there is more clarity on the new organizational structure or until the price successfully retests and holds above the $360 support.
What do you think? Is this the ultimate "Buy the Dip" or is Zcash losing its edge? 🗨️👇
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