Zcash (ZEC) is trading at $466.04 after a 1.7% decline, positioning it directly on a horizontal demand block that has acted as support multiple times in recent weeks. The asset has fallen below key moving averages, including the EMA9 and MA50 on the 4-hour chart, signaling a loss of short-term momentum.
AlphaCryptoSignals on X emphasized that ZEC is obviously losing its steam here, noting the weakening bounces each time the price retests the support zone around $442.53. The daily trading range is narrow, between $466.04 and $479.80, reflecting fading impetus and limited rally attempts due to resistance at $479.80.
Traders are closely monitoring the outcome: a hold above the demand block could trigger a move toward $485–$500, but a clean 4-hour close below support may expose the $430–$410 range, where little friction exists on the charts. The alignment with moving averages underscores the critical nature of this support test.
