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Zcash is facing one of the harshest corrections of the year, as the price of the altcoin continues to decline, shedding a significant portion of its October high.
The steep decline has raised an important question among investors: Have the latest “privacy coins” been an unsustainable bubble, or is there still long-term value behind ZEC’s fundamentals?
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Zcash suffers losses
The Relative Strength Index (RSI) reflects the heavy bearish pressure surrounding Zcash. The indicator slipped below the neutral 50.0 mark in negative territory, which indicates that sellers are firmly in control.
This bearish shift is often associated with weak recovery potential, especially when momentum continues to build on the downside. To appear No reversing signal Seriously, the Relative Strength Index (RSI) is reaching oversold conditions, where a rebound becomes statistically more likely.
However, ZEC has not yet reached that stage, leaving its path vulnerable to further declines. The absence of clear reversal signals highlights the current uncertainty, suggesting that buyers are still reluctant to return despite the significant discount from recent highs.
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The momentum pressure indicator adds another layer of concern. At the beginning of the month, the index showed a build-up of pressure, usually a precursor to significant volatility. This pressure was released to the downside, aligning with a strong wave of bearish momentum. When a pressure release occurs during a downtrend, it often accelerates losses instead of stabilizing price action.
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This change confirms that downward forces exist and are even stronger. Combined with the broad market cooling of the privacy coin table, the indicator indicates that more volatility and downward pressure may exist. Wait for Zcash.
The ZEC price may see further declines
ZEC previously gained a massive 1,442% during the height of the privacy token romance. This momentum faded at the beginning of November, and the altcoin has since fallen 56% from its highs.
An incredible 43% of that loss occurred in the last week alone, That prompted ZEC at $323. If this trend continues, Zcash will likely fall below the $300 support level and head towards $260, or even $204, erasing more of its previous gains.
Arthur Hayes believes that cryptocurrency markets follow distinct annual narratives. According to him, 2025 was about AI tokens and the rapid expansion of stablecoins, while 2026 will be about privacy. He says this change could spark renewed interest in privacy-based cryptocurrencies and the underlying technology that supports them.
Therefore, if buyers return to these reduced levels, You can try ZEC Bounce from $344 area. It will be necessary for the price to recover towards $442 and then to $520 to invalidate the current negative outlook.
