<p>Zcash price is hovering near a key technical support zone after weeks of steady losses, with traders watching closely for signs of short-term exhaustion.</p>
<div id="cn-block-summary-block_6b1e6afb994680d0c09863085fee90f1" class="cn-block-summary">
 <div class="cn-block-summary__nav tabs"><span>Summary</span>
 </div>
 <div class="cn-block-summary__content">
  <ul>
   <li>ZEC is trading near $290 after sliding more than 40% over the past month.</li>
   <li>Derivatives activity has cooled, with futures volume falling even as open interest holds steady.</li>
   <li>Price is testing the lower Bollinger Band, raising the odds of a short-term bounce if support holds.</li>
  </ul>
 </div>
</div>
<p>As of this writing, Zcash was trading at $289, down 1.7% in the past day. The token has struggled to keep pace with recent market moves and remains one of the few large-cap assets in the red despite a slight crypto market rebound.</p>
<p>Zcash (<a href="https://crypto.news/price/zcash/" rel="noopener noreferrer nofollow">ZEC</a>) has fluctuated between $282 and $401 over the last week, but the trend has clearly shifted lower. The token is down 21% in the last seven days and has lost 43% over the past month, giving back much of its late-2025 rally.</p>
<p>Market activity has softened as prices fell. Zcash recorded $423 million in trading volume in the past 24 hours, a 15% drop. Derivatives tell a similar story.</p>
<p>CoinGlass <a href="https://www.coinglass.com/currencies/ZEC" rel="noopener noreferrer nofollow">data</a> shows futures volume down 20% to $1.14 billion, while open interest edged slightly higher to $451 million, suggesting some traders are holding positions rather than aggressively adding new exposure.</p>
<h2 class="wp-block-heading" id="why-zcash-is-still-under-pressure">Why Zcash is still under pressure</h2>
<p>The recent weakness comes after a strong rally late last year and is likely the result of profit-taking combined with unresolved governance problems. In January, the entire core development team at Zcash developer Electric Coin Company <a href="https://crypto.news/electric-coin-companys-entire-zcash-team-quits-in-bootstrap-governance-rift/" rel="noopener noreferrer nofollow">resigned</a>, including chief executive officer Josh Swihart.</p>
<p>You might also like: <a href="https://crypto.news/winklevoss-twins-double-down-zcash-1-4-mil/" rel="noopener noreferrer nofollow"> Winklevoss Twins double down on crypto privacy with $1.4m Zcash donation </a></p>
<p>The departures followed a dispute with the Bootstrap non-profit board over governance design, funding access, and control of major products such as the Zashi wallet. The Zcash network itself has not experienced any technical issues or security problems.</p>
<p>However,&nbsp;sentiment has been impacted by uncertainty about planned upgrades, development schedules, and future direction. At the same time, <a href="https://crypto.news/dubai-bans-monero-zcash-as-difc-slams-door-on-privacy-tokens-and-tightens-stablecoins/" rel="noopener noreferrer nofollow">regulatory</a> pressure continues to weigh down on privacy tokens.&nbsp;</p>
<p>The most recent decline appears to be a grinding consolidation rather than a sell-off triggered by panic. ZEC may be exposed to further decline if nearby support levels give way because each bounce attempt has faded rapidly.</p>
<p>Recent marketing initiatives might provide some temporary relief. In an attempt to raise awareness and spark interest, Zcash has launched new advertising campaigns with updated branding.</p>
<p>If market conditions improve, stronger engagement might help stabilize price action, but it is unlikely to stop the trend on its own.&nbsp;</p>
<h2 class="wp-block-heading" id="zcash-price-technical-analysis">Zcash price technical analysis</h2>
<p>ZEC is trading close to the lower Bollinger Band near $290 on the daily chart. Although it does not guarantee a reversal, this area often indicates short-term exhaustion following prolonged declines.</p>
<p>The price is still below the 20-day moving average, which keeps the overall trend downward. In the past, short relief bounces have been preceded by the relative strength index falling into the low-30s like in the current setup.</p>
<figure class="wp-block-image size-large"><img width="1024" height="525" src="https://media.crypto.news/2026/02/Image-03-02-2026-at-08.53.webp" alt="Zcash price tests lower Bollinger Band near $290 — is a technical bounce forming? - 11">
 <figcaption>
  Zcash daily chart. Credit: <a href="https://crypto.news/price/zcash/" rel="noopener noreferrer nofollow">crypto.news</a>
 </figcaption>
</figure>
<p>Any attempt to move higher might encounter resistance in the $320–$350 range, where the short-term averages and middle Bollinger Band converge.</p>
<p>A brief push toward $310–$330 may occur if buyers intervene, particularly if the RSI stabilizes and the price returns to the mid-Bollinger range. On the downside, ZEC would be vulnerable to larger losses if it breaks below $280, with little visible support until lower psychological levels.</p>
<p>Read more: <a href="https://crypto.news/bitcoin-price-oversold-rsi-spot-btc-etf-inflows-2026/" rel="noopener noreferrer nofollow"> Bitcoin price eyes rebound from oversold RSI as spot BTC ETFs see inflows for first time in 5 days </a></p>

Zcash price tests lower Bollinger Band near $290 — is a technical bounce forming?

Table of Contents

crypto.news

Other articles published on Feb 3, 2026

Join our free newsletter for daily crypto updates!