Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

Zcash Trades At $466 As Key Support and Lower Range Levels Come Into Focus

Zcash trades at $466.04 following a 1.7% decline, holding directly on a demand block that has reacted multiple times.

ZEC remains below the EMA9 and MA50 on the 4H chart, confirming weakened momentum near support at $442.53.

Short-term resistance stands at $479.80, while levels at $430–$410 form the next lower pocket if support fails.

Zcash moved lower this week while holding close to a well-defined demand block that has guided recent trading activity. The asset traded at $466.04 after a 1.7% decline, and it remained inside a narrow band shaped by fading momentum on the four-hour chart. Sellers pushed price under both the EMA9 and the MA50, which placed ZEC directly on top of a horizontal support area that had reacted several times in previous sessions

Each return to this zone produced smaller rebounds, which kept market attention fixed on how the current test would unfold. However, the broader structure stayed intact, and traders continued tracking support at $442.53 and resistance at $479.80 as the main reference points.

Price Holds Inside the Demand Block as Indicators Shift

ZEC sat directly on the marked demand block, which extended across the lower section of the chart. This zone had supported price for weeks, and it became a central area in current analysis. The position below the EMA9 and MA50 added clarity to the recent shift because the indicators showed ZEC losing short-term strength. This alignment kept the focus on how the asset interacted with the lower boundary

Notably, the price structure maintained a clear link to the horizontal level, which reinforced the relevance of the support at $442.53.

The 24-hour range between $466.04 and $479.80 connected the recent decline to this broader level. This helped define the boundaries that shaped the latest move and created a clear view of intraday conditions.

ZEC Eyes $485–$500 Bounce While Support Holds Key to Next Downside Target

Analysts noted that a bounce from the current area could push ZEC toward the $485–$500 band. This range sat above the immediate resistance at $479.80, and it aligned with prior reaction points. The market continued to watch these values because they represented the next logical zone for short-term movement. However, ZEC needed to remain above the demand block for that scenario to stay open.

This connection between immediate support and near-term resistance helped outline the conditions that shaped the current environment. The structure also helped anchor expectations because the path between both zones remained narrow.

A clean four-hour close below the demand zone could expose the $430–$410 area. This range sat beneath the established support at $442.53, and it had little friction on the chart. Market participants monitored this region closely because it represented the next pocket in the current sequence.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)