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The price of Zcash has struggled to find a clear direction in recent weeks, despite growing more than 600% during the three-month window. The symbol is moving sideways even as other parts of the cryptocurrency market attempt to rebound.
This comes despite renewed interest from a prominent voice in the digital currency field. In a recent interview, Arthur Hayes spoke positively of Zikasch’s design.
However, the price action of ZEC shows hesitation despite rising close to 4% day after day. Traders are now weighing whether this support is important in the short term or if the charts will decide first.
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Arthur Hayes said this about the privacy model
Arthur Hayes is the co-founder of BitMEX and a well-known figure in the cryptocurrency market. In a recent interview with Kyle Chasse, Hayes explained why his view of privacy coins has changed over time.
He said that while he previously saw Monero as a strong privacy option, new data and updates have changed his thinking. Hayes highlighted the progress of Zcash, especially in protected transactions and improvements in cryptography.
“This is one of the reasons I moved from the Monero camp to the Zcash camp when we talk about privacy coins,” he said 30 minutes into the interview.
What matters here is the context. Hayes did not speak The price of Zcash. He didn’t say buyers should run away. His comments focused on technology and design, not market timing.
This distinction explains why the price has not yet reacted.
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Because Zcash Price has not reacted yet
Despite the interest of Arthur Hayes, the price of Zcash did not change much. The reason is clear in the chart.
First, there is a bearish crossover between the Earnings Indicator (EMA). EM stands for Exponential Moving Average. It shows the average price but gives more weight to recent movements.
When the 20-day moves below the 50-day, it usually means that the short-term sellers are stronger than the buyers. Currently, the 20-day moving average is very close to crossing below 50 days. This keeps traders cautious.
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Second, the break-even volume (OBV) does not help the price. OBV tracks whether sound is coming in or out. Between December 12 and 18, the price of Zcash trended lower, and the OBV weakened. This indicates that buyers have not added strength yet. Without a clear index increase, associations often fail, and negative movements are usually not reversed.
When you put the picture together, the picture is clear. An EMA crossover warns of short-term pressure. OBV shows weak follow-up from buyers. This explains why The price of Zcash remains Stable and waiting for a clear direction.
Arthur Hayes’ comments provide long-term confidence, but the charts suggest traders are waiting for technical evidence. Until buyers intervene in the volume of sales, the price will likely remain undetermined.
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What can determine the next move for the Zcash price
Large capital flows provide the clearest evidence. The CMF or Chaikin Money Flow Index was rising between December 11 and December 18, while the… ZEC price . This pattern means that larger buyers show interest even when prices remain weak.
However, the CMF remains below the zero line. This is important. A move above zero often confirms real buying. In previous cases, such as the beginning of November, the price followed firmly once the CMF crossed this level.
For Zcash, the levels are clear. A clean close above $434 will show that buyers are taking control again. If that happens, the next important zone will be near $516.
On the upside, $371 is the first major support. If the price falls below this level, sellers can push towards $301, where previous buying interest has appeared.
