Zcash (ZEC) extended its weekly decline, falling 2.58% over the past 24 hours to trade near $230.63. The token’s 22.38% weekly drop reflects sustained bearish pressure, with analysts monitoring a critical support zone between $200 and $220. Technical indicators, including the RSI and MACD, signal ongoing selling momentum in the market.
As of February 9, 2026, Zcash (ZEC) continues its downward trajectory, losing 2.58% in the past 24 hours. The token has declined 22.38% over the last week, reflecting persistent bearish momentum across global crypto markets.
ZEC is currently trading at $230.63, with a 24-hour trading volume of $342.13 million and a market capitalization of $3.81 billion, according to CoinMarketCap. Traders are closely monitoring the $200–$220 support zone, which has historically triggered rebounds during bearish phases.
According to the crypto analyst Globe Of Crypto, the ZEC daily chart shows price correcting after its previous rally toward $700–$750. Lower highs and lower lows are forming into early 2026, pushing the token back toward major support near $200–$220.
Currently, ZEC trades near $240 after bouncing from support. Immediate resistance sits near $300, with stronger supply zones at $400–$420.
Zcash’s weekly Relative Strength Index (RSI) is at 44.6, just below the midpoint of 50. The immediate moving average at 60 indicates that momentum is less strong than in the recent past.
The MACD indicates dominant bearish momentum, with the MACD line falling to -1.25 below the signal line at -0.98. The histogram remains negative at -0.27 and deteriorates as it spreads further downwards, indicating growing bearish pressure.
