The post Zcash price tests $290 as Bollinger Band pressure builds appeared on BitcoinEthereumNews.com. Zcash price is hovering near a key technical support zoneThe post Zcash price tests $290 as Bollinger Band pressure builds appeared on BitcoinEthereumNews.com. Zcash price is hovering near a key technical support zone

Zcash price tests $290 as Bollinger Band pressure builds

3 min read

Zcash price is hovering near a key technical support zone after weeks of steady losses, with traders watching closely for signs of short-term exhaustion.

Summary

  • ZEC is trading near $290 after sliding more than 40% over the past month.
  • Derivatives activity has cooled, with futures volume falling even as open interest holds steady.
  • Price is testing the lower Bollinger Band, raising the odds of a short-term bounce if support holds.

As of this writing, Zcash was trading at $289, down 1.7% in the past day. The token has struggled to keep pace with recent market moves and remains one of the few large-cap assets in the red despite a slight crypto market rebound.

Zcash (ZEC) has fluctuated between $282 and $401 over the last week, but the trend has clearly shifted lower. The token is down 21% in the last seven days and has lost 43% over the past month, giving back much of its late-2025 rally.

Market activity has softened as prices fell. Zcash recorded $423 million in trading volume in the past 24 hours, a 15% drop. Derivatives tell a similar story.

CoinGlass data shows futures volume down 20% to $1.14 billion, while open interest edged slightly higher to $451 million, suggesting some traders are holding positions rather than aggressively adding new exposure.

Why Zcash is still under pressure

The recent weakness comes after a strong rally late last year and is likely the result of profit-taking combined with unresolved governance problems. In January, the entire core development team at Zcash developer Electric Coin Company resigned, including chief executive officer Josh Swihart.

The departures followed a dispute with the Bootstrap non-profit board over governance design, funding access, and control of major products such as the Zashi wallet. The Zcash network itself has not experienced any technical issues or security problems.

However, sentiment has been impacted by uncertainty about planned upgrades, development schedules, and future direction. At the same time, regulatory pressure continues to weigh down on privacy tokens. 

The most recent decline appears to be a grinding consolidation rather than a sell-off triggered by panic. ZEC may be exposed to further decline if nearby support levels give way because each bounce attempt has faded rapidly.

Recent marketing initiatives might provide some temporary relief. In an attempt to raise awareness and spark interest, Zcash has launched new advertising campaigns with updated branding.

If market conditions improve, stronger engagement might help stabilize price action, but it is unlikely to stop the trend on its own. 

Zcash price technical analysis

ZEC is trading close to the lower Bollinger Band near $290 on the daily chart. Although it does not guarantee a reversal, this area often indicates short-term exhaustion following prolonged declines.

The price is still below the 20-day moving average, which keeps the overall trend downward. In the past, short relief bounces have been preceded by the relative strength index falling into the low-30s like in the current setup.

Zcash daily chart. Credit: crypto.news

Any attempt to move higher might encounter resistance in the $320–$350 range, where the short-term averages and middle Bollinger Band converge.

A brief push toward $310–$330 may occur if buyers intervene, particularly if the RSI stabilizes and the price returns to the mid-Bollinger range. On the downside, ZEC would be vulnerable to larger losses if it breaks below $280, with little visible support until lower psychological levels.

Source: https://crypto.news/zcash-price-tests-290-bollinger-band-pressure-2026/

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

OFAC Designates Two Iranian Finance Facilitators For Crypto Shadow Banking

OFAC Designates Two Iranian Finance Facilitators For Crypto Shadow Banking

The Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned two Iranian financial facilitators for coordinating over $100 million worth of cryptocurrency in oil sales for the Iranian government, a September 16 press release shows. OFAC Sanctions Iranian Nationals According to the Tuesday press release, Iranian nationals Alireza Derakhshan and Arash Estaki Alivand “used a network of front companies in multiple foreign jurisdictions” to transfer the digital assets. OFAC alleges that Alivand and Derakhshan’s transfers also involved the sale of Iranian oil that benefited Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and the Ministry of Defense and Armed Forces Logistics (MODAFL). IRGC-QF and MODAFL then used the proceeds to support regional proxy terrorist organizations and strengthen their advanced weapons systems, including ballistic missiles. U.S. officials say the move targets shadow banking in the region, where illicit financial actors use overseas money laundering and digital assets to evade sanctions. “Iranian entities rely on shadow banking networks to evade sanctions and move millions through the international financial system,” said Under Secretary of the Treasury for Terrorism and Financial Intelligence John K. Hurley. “Under President Trump’s leadership, we will continue to disrupt these key financial streams that fund Iran’s weapons programs and malign activities in the Middle East and beyond,” he continued. Dozens Designated In Shadow Banking Scandal Both Alivand and Derakhshan have been designated “for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of the IRGC-QF.” In addition to Alivand and Derakhshan, OFAC has sanctioned more than a dozen Hong Kong and United Arab Emirates-based entities and individuals tied to the network. According to the press release, the sanctioned entities may face civil or criminal penalties imposed as a result
Share
CryptoNews2025/09/18 11:18
SOL Price Prediction: Oversold Conditions Target $142 Recovery by March 2026

SOL Price Prediction: Oversold Conditions Target $142 Recovery by March 2026

Solana trades at $103.22 with RSI at 29.98 signaling oversold conditions. Technical analysis suggests potential bounce to $142 resistance within 6-8 weeks. (Read
Share
BlockChain News2026/02/03 17:58
XRP Holding $1.64 Strong, Is a $2 Breakout Next?

XRP Holding $1.64 Strong, Is a $2 Breakout Next?

The post XRP Holding $1.64 Strong, Is a $2 Breakout Next? appeared on BitcoinEthereumNews.com.  Key Insights: XRP is holding above $1.64, a support level linked
Share
BitcoinEthereumNews2026/02/03 17:47