Zcash Price Snaps Back 6% – 50-Day SMA in Sight
Zcash (ZEC) is up more than 6% on Tuesday, trading near $1,224 after buyers stepped in at support near $1,140 and lifted the price above its October downtrend line during the session.
Key Takeaways
- Tuesday’s range runs from about $1,118 to $1,232, after a $1,151 open.
- The 50-day SMA (~$1,270) and 0.236 Fib (~$1,350) sit 4% and 10% higher.
- ZEC trades about 28% below its late-September peak near $1,690.
Buyers step in at $1,140
ZEC ran more than sixfold between early June and late September, climbing from around $254 to its 2026 peak near $1,690. The correction that followed carved out a short falling channel and dragged price back to the 0.382 Fibonacci level of that rally, near $1,140.
The coin spent roughly a week chopping around that level, with wicks dipping toward $1,050, but sellers could not turn those dips into a deeper slide. Tuesday’s session flipped the tone. After a brief dip below its open, ZEC ripped higher and broke above the channel’s upper boundary, though the daily candle has yet to close.
Two hurdles overhead
The first is the 50-day SMA near $1,270. ZEC slipped under the average in mid-October, so getting back above it could mark the end of the short-term downtrend rather than just another bounce inside it.
The second is the 0.236 Fib near $1,350. That level marked the start of the October breakdown and capped a mid-month bounce, when a wick reached about $1,345 before sellers took over again.
Momentum improves, but the breakout still needs a close
RSI has turned up to about 49, crossing above its signal line and nearing the 50 midpoint. A push above 50 could signal that buyers are regaining short-term control after three weeks of fading readings.
Bears still have a fair point. The candle is still open, price sits under the 50-day SMA, and the last time ZEC rallied into resistance this month, the move faded within days.
Potential Moves
ZEC sits between the 50-day SMA overhead and the support it has just defended below.
Upside
A daily close above the 50-day SMA this week could confirm the channel breakout and open room toward the $1,350 area. A move through that level could put the September highs back in view.
Rejection
A rejection at the 50-day SMA could send ZEC back to retest $1,140. A daily close below it before the end of October could expose the 0.5 Fib near $970.
Bigger picture: ZEC still trades more than 380% above its June low, and all three daily SMAs are rising. A drop through $970 could bring the 100-day SMA and the 0.618 Fib into view.
This article is provided for informational purposes only and does not constitute financial advice. Cryptocurrency prices are volatile.
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
