The Zcash price extended its slide on Tuesday, dropping 10.35% in 24 hours to trade near $528 while spot volume jumped to $1.25 billion. The move pushed ZEC into the day’s top losers, and the market’s reaction suggests traders are treating this as more than a routine pullback.
ZEC Price Slides Toward Weekly Lows as Volume Surges
ZEC’s decline followed a failed attempt to sustainably reclaim the $590 area, a level sellers defended aggressively throughout the last trading session.
By late hours, the Zcash price fell to as low as $503, hovered around $510–$515 for a while, a zone toward the lower end of this week’s range, and now stays around $528.
The spike in volume alongside the breakdown sparked fresh ZEC price prediction debates, with several traders noting that rising activity during downside moves often signals distribution rather than accumulation.
This aligns with what’s visible on CoinMarketCap. ZEC market cap fell to $8.39 billion while volume rose 8%, supporting the idea that liquidity today is flowing out, not in.
What Analysts See in Zcash Price Analysis
Opinions on X show two different angles rather than a single bearish consensus.
Lennart Snyder described ZEC as trading cleanly within a range and emphasized that positioning depends on where the price sits inside that structure. His view wasn’t outright bearish; instead, he noted that the Zcash price is now in the range’s middle band, where risk-reward is historically weakest.
However, Sjuul from AltCryptoGems pointed to a very different signal: a clear bearish retest of the trendline that Zcash had respected for weeks.
His chart shows the uptrend snapping, followed by a straightforward rejection at the broken line, the type of reset that often precedes deeper downside unless momentum recovers quickly. This perspective has driven a more cautious tone in ongoing ZEC price prediction chatter.
The Zcash price chart from TradingView backs the caution. ZEC is trading just above an early-morning wick near $520, with immediate support around $500 and a rising diagonal support trendline near $452.
From here, traders are watching whether ZEC can reclaim and stabilize above the $530 level and try to reclaim the $540–$550 pocket, or whether weakening structure pressures the token toward the $450 region.
