# Zcash Price Loses Key Historical Support as 10% Downside Risk Looms
🔥 Key Takeaways
- Zcash (ZEC) price has dropped over 6% in the past 24 hours, erasing recent gains.
- The cryptocurrency is testing a critical historical support level, raising concerns of further downside.
- If the support fails, ZEC could face an additional 10% decline in the short term.
- Despite the drop, ZEC remains up ~9% week-on-week, suggesting volatility remains high.
## ZEC Price Breakdown: A Technical Perspective
Zcash (ZEC) has experienced a sharp decline, falling more than 6% in the past 24 hours. While the asset remains up around 9% compared to last week, the latest drop suggests a potential shift in market sentiment.
The key concern for traders is that ZEC is now testing a major historical support level. A breach below this level could trigger further downside momentum, with analysts warning of a possible 10% correction.
## Why This Support Level Matters
Recent price action indicates that ZEC’s current support zone has played a crucial role in past market cycles. Each time this level has been tested, it has either acted as a springboard for recovery or a breakdown point leading to extended losses.
Given the current market structure, traders are closely watching for confirmation of either:
– A rebound, signaling renewed bullish interest.
– A breakdown, which could accelerate selling pressure toward lower support levels.
## Market Sentiment and Next Steps
The broader crypto market remains cautious, with Bitcoin and Ethereum also facing resistance. If ZEC fails to hold above its critical support, the next key levels to watch are:
– $25.50 (short-term support)
– $23.80 (major psychological and technical floor)
Conversely, if buyers step in, a recovery toward $28.50 could signal renewed strength.
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