How Low Will ZEC Price Go Amidst Zcash Management Chaos?
Zcash's technical and fundamental motivations raise the possibility that the price of ZEC will drop to $200 in the coming weeks after the core developers withdraw from the project.
Zcash (ZEC) slid more than 20% to $381 on Thursday, marking its weakest price level in three weeks, as markets reacted to the sudden departure of the main development team from Electric Coin Company (ECC).
Main Receptors:
Former CEO Josh Swihart confirmed that the group will create a new company to continue its privacy-focused development. But his confirmation failed to lift market sentiment, leading many analysts to predict further declines in Zcash's price in the future.
But how low can the price of ZEC go?
Zcash download channel increases the chances of crash by 40%-50%
According to a technical setup shared by analyst Osemka, the price of ZEC could drop another 40%-50% in the coming weeks.
The price began to correct after testing the upper trendline of the spread, similar to the one it had carried since November, which experienced a 58% correction a month later.
At the same time, ZEC price broke below the support confluence of the rising trend line and the 20-day exponential moving average (20-day EMA, the blue wave on the chart above).
While the bullish trend supported its 85% recovery move last month, the 20-day EMA broke Zcash's negative tests on a 1,000%-plus rally by the end of 2025.
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A break below this intersection raises the chances of ZEC falling to the lower trendline of the ascending channel, around $200-$250, in the coming weeks.
Zcash Bear Flag Target: $275–$300
As of Thursday, Zcash has been breaking out of a bearish flag pattern, reinforcing its downside bias.
After a strong sell-off in the $550–$580 range, ZEC has entered a brief upward-sloping consolidation, covered by bearish resistance, a typical bearish flag pattern usually lower.
Measured action points to the $275–$300 zone if the pattern is fully formed. This target area is closely aligned with the 200-day EMA (the blue wave), which could be a magnetic low in the coming weeks.
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