Is Zcash About to Crash or Can It Stage a Comeback? Find Out Here!

by

Hold on to your wallets, folks, because the bulls are back in the game-or at least they were, for like a hot minute. Thanks, CoinStats, for the update!

ZEC/USD

So, unlike most coins that are doing the cha-cha up the charts, ZEC decided to take a dramatic plunge and drop a cool 23.59% in just 24 hours. Yikes, someone call a lifeguard.

If you’ve been tracking this trainwreck, ZEC is currently hanging out near a local support level of $528.55 on the hourly chart. But-big surprise-if there’s no bounce, it might be headed straight for the $500 zone. Fasten your seatbelt. It’s gonna get bumpy.

In the grand scheme of things (like, way bigger than the hourly chart), the bulls were all excited after that bullish candle yesterday, but apparently, it was a one-night stand. Now they can’t even hold onto growth. Typical. If today’s bar closes near $525.17, well, folks, get ready for a possible correction all the way down to the $450-$500 range. Hold your applause, it’s coming.

Looking a bit further ahead-let’s talk midterm. If the weekly bar doesn’t hit that glorious $750 mark, well, say hello to the $300-$400 zone. Yeah, it’s going to be that kind of week. Sorry, not sorry.

As of now, ZEC is trading at $532.38. And honestly, who knows where it’ll be by the time you read this. It’s like a rollercoaster with a blindfold on.

Read More

2025-11-08 19:17