The post ZEC Prepares for Greater Bear Market as the Privacy-Focused Token Falls Below $287.78 Support Zone: Analyst  appeared on BitcoinEthereumNews.com.

Zcash (ZEC) cryptocurrency is feeling great heat amid the new month as heightened volatility continues to weigh down its prices, according to revelations disclosed by the market analyst Lark Davis. Zcash is a privacy-focused crypto asset that allows users to choose between transparency of transactions or hiding key details of transactions to balance the need for regulatory compliance and financial confidentiality. ZEC has been one of the most profitable cryptocurrencies, as indicated by +820% annual price growth noticed over the past 12 months. However, the asset has emerged as a significant underperformer recently, dropping dangerously to lower levels. According to CoinGecko metrics, Zcash recorded a further 4.5% decline today. The asset has also been down 25.9% and 44.3% over the past week and month, respectively, showing ongoing market bearishness. Zcash at critical support. What do you think, long or short? pic.twitter.com/4yqGUeW2zi — Lark Davis (@LarkDavis) February 3, 2026 Zcash In Correction Trap According to the analyst’s market observation, Zcash has reached a critical technical crossroad as of today, February 2, 2026, following a drastic month-long downtrend that dragged the asset to trade to significant lower levels. After breaking below the traditionally-established ascending trendline (as illustrated in the analyst’s chart), the asset now struggles to maintain its support within a narrow corridor that the analyst points out as an ultimate make-or-break region.  ZEC’s price currently trades at $282.90. The decline to this mark shows that the asset’s inability to hold above the crucial support level at $287.78 (pointed out by the analyst). With the drop below this most important support region, this sets the asset up for greater downfall towards the psychological support around $100 (as shown by the analyst). The analyst identified $287.78 as the key support level that defines the current trend. Falling below this support level indicates a…

---

Filed under: News - @ February 4, 2026 3:24 am