ZEC Weekly Technical Analysis
ZCash
Zcash (ZEC) is a privacy-focused cryptocurrency that enables optional anonymity for transactions by using advanced cryptography. While the Zcash protocol governs the network, ZEC is the native monetary unit, or coin, used for transactions.
ZEC Technical Analysis Summary
ZEC is currently undergoing a severe correction following a parabolic run-up that peaked near 800. Short-term technicals are bearish, highlighted by a MACD sell signal and a loss of the 20-week SMA, as the asset gives back significant gains. However, the long-term trend remains constructive as the price tests a critical support zone around 300 (previous 2021 highs) while remaining well above the key 50-week and 200-week moving averages.
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ZEC Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price is trading below the 20-week SMA (middle Bollinger Band); MACD histogram is negative and expanding downward following a bearish crossover; RSI has dropped below 50, indicating fading momentum.
Long-term Sentiment (weeks to months): Bullish
Despite the sharp correction, price remains significantly above the rising 50-week SMA (178.39) and 200-week SMA (76.31). The recent parabolic move broke a multi-year consolidation structure, suggesting a longer-term trend change.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-02-02T07:25:00.575Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $300.00 | $290.00 - $310.00 | Strong | Current price action is testing the historical swing highs from 2021, which should act as a polarity support level. |
| $177.50 | $170.00 - $185.00 | Strong | Confluence with the rising 50-week SMA and the upper boundary of the previous multi-year accumulation zone. |
| $140.00 | $130.00 - $150.00 | Weak | Secondary support zone derived from consolidation highs during the base building phase. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $385.00 | $380.00 - $390.00 | Strong | The 20-week SMA (middle Bollinger Band) is dynamic resistance, formerly support. |
| $525.00 | $500.00 - $550.00 | Weak | Psychological level and midpoint of the recent sharp decline. |
| $800.00 | $780.00 - $820.00 | Strong | Recent cycle high and peak of the parabolic run. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Parabolic Blow-off Top | Bearish | N/A | A vertical price ascent to ~800 followed by a steep correction, characteristic of a climax top. |
| Strong | Breakout Retest | Neutral | N/A | Price is retesting the major resistance levels from 2021 (around 300) as new support. |
| Strong | Multi-year Base | Bullish | N/A | A massive accumulation zone from 2022 to 2025 that provided the foundation for the recent rally. |
Frequently Asked Questions about ZEC
What is the current sentiment for ZEC?
The short-term sentiment for ZEC is currently Bearish because Price is trading below the 20-week SMA (middle Bollinger Band); MACD histogram is negative and expanding downward following a bearish crossover; RSI has dropped below 50, indicating fading momentum.. The long-term trend is classified as Bullish.
What are the key support levels for ZEC?
StockDips.AI has identified key support levels for ZEC at $300.00 and $177.50. These levels may represent potential accumulation zones where buying interest could emerge.
Is ZEC in a significant dip or a Value Dip right now?
ZEC has a Value Score of 109/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.