Zcash price has spent several sessions edging higher before stalling, and the latest move has turned lower. ZEC is currently trading around $405, down 5.65% over the past 24 hours and roughly 4% on the week.
Price has rotated within a broad $390–$430 range as momentum faded. Trading volume fell 17.56% to about $644 million, signaling a lack of follow-through after the recent bounce. The pullback comes as traders reassess technical structure against lingering uncertainty around Zcash’s development landscape.
ECC Team Resignation Triggers Short-Term Operational Uncertainty
Zcash news continues to shape near-term positioning after the full resignation of the Electric Coin Company development team on January 7, which triggered an initial 20% drawdown. While former ECC members launched a new wallet project, cashZ, the abrupt leadership change introduced coordination risk, prompting short-term sellers to enter the market.
Since then, messaging from the Zcash Foundation has aimed to stabilize sentiment. The foundation reiterated that Zcash crypto operates independently of any single organization, with blocks continuing to be produced and transactions settling without interruption. That distinction has mattered for longer-horizon traders, helping Zcash price recover from its post-selloff lows.
Additional context has come from governance activity. The Coinholder-Directed Retroactive Grants Program opened for Q1 2026 proposals, while the Zcash Community Grants committee approved funding for several regional education and infrastructure initiatives.
The steady flow of ecosystem funding has reinforced the view that development has not halted, even as organizational structures evolve.
Zcash Price Tests Support as Technical Indicators Conflict
On the chart, Zcash price remains below a descending trend structure carved out over the past year, even as it attempts to base. Broke Doomer’s analysis frames the move correctly in terms of market structure. The earlier downtrend was decisive, and the current range is more consistent with absorption than trend reversal.
His emphasis on consolidation is grounded in price behavior, with ZEC repeatedly failing to push beyond nearby resistance while holding a defined support band. That read aligns with the lack of directional follow-through.
Rand’s view focuses more narrowly on the bullish pennant. The structure is visible, but it rests on a prior impulse that has already retraced meaningfully. Without expanding volume, the pennant remains a conditional setup rather than confirmation.
At present, the indicators advise a cautious approach. The RSI is around 43, signaling neutral momentum. The MACD still suggests a sell, and the majority of short- and medium-term moving averages are positioned above the current price. Until these indicators show improvement, upside potential remains uncertain.
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