ZEC price plummets 19.28% in 24 hours to $350.13

Zcash experienced a significant market downturn, dropping 19.28% within a 24-hour period to reach $350.13. This sharp decline reflects broader volatility affecting the privacy-focused cryptocurrency sector. The price plunge triggered substantial liquidations across leveraged positions, with reported losses exceeding $6 million in long liquidations on major trading platforms.

Technical analysis reveals that ZEC breached multiple critical support levels during this correction, signaling weakened market sentiment. The breakdown through key trendlines accelerated selling pressure, as traders exited long positions amid declining trading volumes. Data from market watchers indicates ZEC shed over 32% across a seven-day window, establishing it as one of the worst-performing major cryptocurrencies during the period.

Analyst projections suggest further downside risk remains possible. According to technical assessments, if ZEC continues its descent, potential support levels could emerge significantly lower, with some forecasts indicating possible retracement zones that would represent substantial additional declines from current levels. The combination of technical breakdown and cascade liquidations created a challenging environment for holders, with major positions recording millions in unrealized losses during the sharp correction.

Recent volatility drives ZEC to all-time high of $744.13 in November

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Zcash (ZEC) experienced extraordinary market momentum throughout 2025, culminating in a remarkable surge that reshaped its historical price trajectory. The cryptocurrency achieved a groundbreaking all-time high of $744.13 in November 2025, driven by a combination of supply-side constraints and heightened market interest in privacy-focused digital assets.

The November 2025 halving event played a pivotal role in this price appreciation, reducing ZEC's circulating supply and creating scarcity-driven demand dynamics. This technical development coincided with growing investor appetite for financial privacy tools, amplifying buying pressure across major trading pairs.

The volatility metrics demonstrate the intensity of this rally. ZEC surged 66.55% specifically during November, following an extraordinary 684% rally in October alone, which had already pushed the asset to an eight-year high of $445 by November 1st. The sustained momentum reflected shifting market sentiment toward privacy-enhanced cryptocurrencies during a period of increased regulatory scrutiny worldwide.

However, this rapid ascent proved unsustainable. Following its peak at $744.13, ZEC subsequently declined 40% to $453.41, then continued deteriorating to $305.76 by early December, marking a significant pullback from the euphoric highs. This correction underscores the volatile nature of speculative crypto markets, where explosive rallies often precede sharp reversals as profit-taking and position liquidations cascade through the market.

Technical analysis indicates bearish outlook for Zcash

Technical Analysis Indicators Show Bearish Signals for Zcash

Current technical analysis reveals multiple bearish indicators signaling downward pressure on Zcash's price trajectory. The most compelling evidence emerges from moving average analysis, where ZEC is trading significantly below its 50-day simple moving average at $487.15, establishing a bearish structure that reinforces short-term downtrend dominance.

The Relative Strength Index at 36.05 indicates momentum is weakening toward oversold territory, suggesting potential exhaustion in selling pressure. However, this technical setup aligns with the broader market assessment where moving average signals currently favor sellers with nine sell signals against only three buy signals across multiple timeframes.

Recent price action demonstrates ZEC declined approximately 25 percent, with consolidation forming near critical support levels around $330. Recovery potential requires a confirmed breakout above $385 to signal sustainable recovery phase initiation, establishing this level as a crucial technical threshold for trend reversal confirmation.

FAQ

What is ZEC coin?

ZEC is the native cryptocurrency of Zcash, a privacy-focused blockchain. It offers optional shielded transactions using zero-knowledge proofs, allowing users to send funds anonymously.

Does ZEC have a future?

Yes, ZEC has a promising future. Its privacy features and upcoming halving in 2025 support long-term growth. Market interest remains strong.

Is ZEC a good coin?

ZEC is a promising coin with strong privacy features, fixed supply, and continuous upgrades. Its balance of security and usability makes it potentially valuable for investors in the crypto market.

How high can Zcash go?

Zcash could potentially reach $800 by November 2025, as there's no significant resistance between $400 and $800. Prepare for a potential moon shot!