Zcash Drops 13.8% to $421.69, Support Faces Pressure
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 10 2026- Price Decline: Zcash has fallen by 13.8% in the last 24 hours, currently trading at $421.69, which is close to the support level of $421.90, indicating persistent selling pressure that may affect investor confidence.
- Support and Resistance: The failure to maintain above $470 means the current price action faces resistance at $490.24, and if this level cannot be breached, it will limit the potential for short-term rebounds toward $560-$640, impacting market trends.
- Compressed Trading Range: The daily trading range has narrowed to around $421, with market participants focusing on whether this support can absorb further pressure, which will determine the short-term price direction and may lead to increased volatility.
- Market Sentiment: Zcash's trading against Bitcoin also saw a 12.1% drop, reflecting a generally bearish market sentiment, prompting investors to approach the current market environment with caution.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
