How Low Will ZEC Price Go Amid Zcash Governance Turmoil?
The post How Low Will ZEC Price Go Amid Zcash Governance Turmoil? appeared on BitcoinEthereumNews.com.
Zcash’s technical and fundamental catalysts raise the odds of ZEC price declining to as low as $200 in the coming weeks after core developers exited the project. Zcash (ZEC) slid more than 20% on Thursday to about $381, marking its weakest price level in three weeks, as markets reacted to the sudden resignation of the core development team from the Electric Coin Company (ECC). Key takeaways: ZEC/USD hourly price chart. Source: TradingView Former CEO Josh Swihart confirmed that the team will form a new company to continue privacy-focused development. But his assurance failed to lift the market’s mood, prompting many analysts to predict further declines in Zcash prices ahead. But how low can the ZEC price go? Zcash descending channel raises 40%-50% crash odds ZEC’s price can drop another 40%-50% in the coming weeks, according to a technical setup shared by analyst Osemka. The price started correcting after testing the upper trendline of its prevailing descending channel pattern, resembling a pullback from November that resulted in a 58% correction a month later. ZEC/USD daily chart. Source: TradingView/Osemka Simultaneously, ZEC’s price broke below a support confluence comprising a rising trendline and a 20-day exponential moving average (20-day EMA; the blue wave in the chart above). While the rising trendline had supported its 85% recovery move in the past month, the 20-day EMA capped Zcash’s downside attempts during the 1,000%-plus rally in late 2025. Related: Zcash backer Bootstrap says split due to clash over nonprofit rules, Zashi future Breaking below this confluence raised ZEC’s odds of falling toward the ascending channel’s lower trendline, roughly around the $200-$250 area, in the coming weeks. Zcash bear flag target: $275–$300 As of Thursday, Zcash was breaking out of its prevailing bear flag pattern, reinforcing the downside bias. Source: X After its sharp sell-off from the $550–$580…
Filed under: News - @ January 9, 2026 12:21 am