Zcash’s immediate price floor is under pressure — and how it holds could decide the privacy coin’s next chapter. What happened Zcash (ZEC) plunged in recent days after a governance clash led the Electric Coin Company (ECC), one of the project’s primary developer teams, to walk away. The move triggered a sharp sell-off and visible market panic, though ECC CEO Josh Steward said the protocol itself remained unaffected. AMBCrypto previously flagged the privacy sector as one of Q4 2025’s best-performing narratives — a trend some analysts expect to continue into 2026 despite the short-term turbulence. Chart picture and key levels - Swing context: Using the swing from $187 up to $750 to plot Fibonacci retracements, ZEC is still considered to be in a retracement phase rather than a confirmed long-term downtrend. For that to change, the swing low must be breached. - Immediate support: The local low at $381 is being challenged and looks likely to give way. The next prominent support zones are $371 and $307. - Lower targets if $371 breaks: A decisive drop below $371 would open targets around $345 and then the $307–$288 area. - Resistance and supply: The $450 area acted as a supply zone on the daily chart and a 1-hour view showed last week’s rise was a relief rally and retest rather than a breakout. Technical momentum and indicators - Selling pressure: The Accumulation/Distribution (A/D) and Chaikin Money Flow (CMF) indicators show heightened selling pressure over recent sessions. - Momentum: RSI slipped below the neutral 50 mark, signaling a bearish momentum shift and increasing the likelihood of near-term downside. - Opportunity for longer-term buyers: A retest of the ~$300 area could present a buying window for long-term holders — but they should set clear invalidation levels for their bullish thesis. Macro link: Bitcoin’s role Bitcoin bulls are contesting the $90,000 round-number level. A convincing BTC breakout could spark short-term gains across the market and potentially help ZEC reclaim the $400 area. Conversely, weak BTC action would likely keep ZEC under pressure. Bottom line ZEC remains in a retracement. The $371 level is pivotal: hold it and ZEC may stabilize or bounce; break it and further downside toward $345 and below becomes more likely. Longer-term buyers may eye the $300 zone, but clear invalidation points and risk controls are essential given current volatility. Disclaimer This article is informational only and not financial, investment, or trading advice. Trading cryptocurrencies is high risk; do your own research before making decisions. © 2026 AMBCrypto (Sources: ZEC/USDT charts on TradingView, AMBCrypto reporting) Read more AI-generated news on: undefined/news

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