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The price of Zcash is struggling to regain its upward momentum after a sharp decline that pushed the cryptocurrency below $350 earlier this week.
While ZEC has shown slight signs of stabilization, the overall trend remains weak, and the distance from the November highs leaves a major challenge for future recovery.
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Zcash is lacking in all aspects
RSI indicates that Zakash continues Facing sustained downward pressure. The indicator remains in negative territory, reflecting a lack of upward momentum and highlighting that buyers have not regained control. This indicates that general market conditions are not consistent with a significant pullback.
Unless the RSI improves, ZEC may struggle to attract new demand.
Bearish sentiment is reinforced by lower market participation, with risk appetite remaining low. ZEC’s failure to pull back towards key resistance levels in recent sessions suggests that traders are favoring safe assets as they await clearer signals.
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The CMF shows persistent cash flows, highlighting declining investor confidence. The capital continues to leave ZEC, and the index remains firmly in the negative territory. This model is worrying because Zcash already lacks wider market support, and continuous flows could prevent any significant rally. For the ZEC to regain its strength, the flows must return.
Given the current macro circumstances, it appears that ZEC’s road to recovery Full of challenges. Market volatility remains high, and investors are cautious amid fear-based activity. Without a change in sentiment, ZEC may find it difficult to build the momentum needed to reach higher levels again.
The price of ZedCash has a long way to go
ZEC is trading at $363 at the time of writing, sitting just above the $344 support level. Holding this support is essential for any near-term recovery attempt towards $442. However, retrieving the November highs remains a distant goal.
If negative conditions persist, the… ZEC may fail In maintaining its support, it can therefore fall below $344 and flow to $300 or even $260. Such a move would prolong the current trend and deepen the concern of investors.
Meanwhile, a change in investor sentiment could support the recovery. But even in this scenario, ZEC you need It will increase by 101% to recover the peak of November near $750. This will need to turn $442 into support and climb towards $520, which poses a major challenge to the current altcoin momentum.
