The Zcash price has fallen below the moving average after the bullish rally was halted at the $556 high.
On December 29, 2025, buyers pushed the altcoin to a high of $556 before it was rejected. This is the second time the cryptocurrency’s rebound has been blocked at the $600 resistance level. During the first rejection, the altcoin dropped to a low of $305.
Currently, ZEC is trading sideways, above the $300 support but below the $600 resistance. The price is now correcting upwards and may encounter resistance at the moving average lines. ZEC will return to its previous high of $600 if buyers sustain the price above the moving average lines. The ZEC price is around $399.37.
The price bars are below the horizontal 21-day and 50-day moving average lines. While in the bearish trend zone, altcoins are likely to decline.
On the 4-hour chart, the price bars are positioned between the downward-sloping moving average lines. The bears are attempting to push the price lower. ZEC will fall if the 21-day SMA support is breached.
On the 4-hour chart, the Zcash price has moved sideways since its decline on January 8. For the past five days, the altcoin has traded above the $360 support and below the $440 resistance.
Currently, the cryptocurrency is falling and approaching its existing support level. If ZEC breaks below the current support, it will decline further to its previous low of $305.
