Zcash governance in turmoil: How low can ZEC price go?

Zcash (ZEC) slid much than 20% connected Thursday to astir $381, marking its weakest terms level successful 3 weeks, arsenic markets reacted to the sudden resignation of the halfway improvement squad from the Electric Coin Company (ECC).

Key takeaways:

• Chart technicals enactment $200–$300 arsenic the adjacent downside people for ZEC.

• ECC uncertainty keeps rallies susceptible to selling pressure.

ZEC/USD hourly terms chart. Source: TradingView

Former CEO Josh Swihart confirmed that the squad volition signifier a caller institution to proceed privacy-focused development. But his assurance failed to assistance the market’s mood, prompting galore analysts to foretell further declines successful Zcash prices ahead.

But however debased tin the ZEC terms go?

Zcash descending transmission raises 40-50% clang odds

ZEC’s terms tin driblet different 40-50% successful the coming weeks, according to a method setup shared by expert Osemka.

The terms started correcting aft investigating the precocious trendline of its prevailing descending transmission pattern, resembling a pullback from November that resulted successful a 58% correction a period later.

ZEC/USD regular chart. Source: TradingView/Osemka

Simultaneously, ZEC’s terms broke beneath a enactment confluence comprising a rising trendline and a 20-day exponential moving mean (20-day EMA; the bluish question successful the illustration above).

While the rising trendline had supported its 85% betterment determination successful the past month, the 20-day EMA capped Zcash’s downside attempts during the 1,000%-plus rally successful precocious 2025.

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Breaking beneath this confluence raised ZEC’s likelihood of falling toward the ascending channel’s little trendline, astir astir the $200-250 area, successful the coming weeks.

Zcash carnivore emblem target: $275–$300

As of Thursday, Zcash was breaking retired of its prevailing carnivore emblem pattern, reinforcing the downside bias.

Source: X

After its crisp sell-off from the $550–$580 region, ZEC entered a little upward-sloping consolidation, capped by descending resistance, a emblematic carnivore emblem signifier that often resolves lower.

ZEC/USDT regular chart. Source: TradingView

The measured determination pointed toward the $275–$300 portion if the signifier plays retired fully. This people country aligned intimately with the 200-day EMA (the bluish wave), making it a apt downside magnet successful the weeks ahead.