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Zcash breaks $300 support– Could ZEC drop another 30%?

Zcash dips below $300 – Is another 30% fall ahead for ZEC?

Zcash [ZEC] has slipped 4.50%, at press time, and was trading at $283.50. This signals the potential continuation of its downside momentum.

The bearish outlook is being reinforced by a recent breakdown below a key support level, rising bearish bets from traders, and weak market sentiment.

Notably, investor and trader participation remained lower compared to the previous day, reflecting fear and hesitation in the market, as indicated by a 22% drop in trading volume to $363 million.

Zcash shows signs of a potential 30% decline

AMBCrypto’s technical analysis indicates that ZEC appears to be forming its sixth consecutive red candle on the weekly chart. The asset has already broken down its prolonged support at $300, which it had been holding since October 2025.

On both the weekly and daily charts, ZEC appears bearish, not only due to the support breakdown but also because of an additional bearish pattern called the inverted ‘Cup and Handle’ breakdown, which has formed on the weekly timeframe.

Zcash (ZEC) price action
Source: TradingView

Based on the daily chart, if ZEC remains below the key $300 support level, it has strong potential to continue its downward momentum and could fall by 30% from the current level, reaching around $195 in the coming days.

Zcash (ZEC) price action
Source: TradingView

In addition, a well-followed crypto expert shared a post on X, including a ZEC chart that suggests the asset may decline to the $275 level in the near term.

At press time, the Average Directional Index (ADX), an indicator that measures trend strength, reached 26.07, above the key threshold of 25, indicating that the asset has a strong directional trend.

Shifts in short-term and long-term market sentiment

At present, investors and traders have differing outlooks. Short-term market sentiment appears bearish, while the long-term outlook remains bullish.

According to the derivatives platform CoinGlass, traders are overleveraged at $276.50 on the lower side and $300.90 on the upper side. At these levels, traders have built $3.20 million worth of long-leveraged positions and $6.48 million worth of short-leveraged positions.

These intraday bets indicate a bearish view, as traders believe that ZEC is unlikely to rise above the $300.90 level in the near term.

ZEC Exchange Liquidation Map
Source: CoinGlass

However, investors appear to be accumulating despite the downturn. According to on‑chain analytics firm Nansen, the top 100 ZEC holders have increased their holdings by 2.78%, now totaling 4.12 million tokens.

top 100 ZEC holders
Source: Nansen

During the same period, ZEC’s price fell by more than 27%. This accumulation amid declining prices suggests that top holders may be pursuing a buy‑the‑dip strategy.


Final Thoughts 

  • Zcash has broken down the key $300 support, and price action suggests that another 30% decline may be on the horizon.
  • Despite the bearish outlook, ZEC’s top holders have increased their holdings by 2.79% over the past week.
Disclaimer: AMBCrypto's content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.

Chandan Gupta

Journalist

Chandan Gupta is is a seasoned crypto analyst with over four years of experience in market research and trading. He specializes in simplifying complex on-chain data to uncover the strategies of crypto whales and major market participants. Alongside on-chain analysis, he breaks down price charts and liquidity movements to deliver clear, actionable insights.

AMBCrypto was founded in 2018 with a mission to simplify and bring the latest blockchain and cryptocurrency news to our readers. We have quickly grown into the digital news source for an emerging generation of cryptocurrency enthusiasts, reaching more than a million readers on a monthly basis, across the globe.