Zcash Update: Fed Pressure Leaves ZEC Facing 50% Downside Setup
Zcash's explosive Q4 gains are showing cracks after price action formed an inverse cup-and-handle pattern that technicals project could target roughly $267 — about a 50% move from recent highs. Macro headlines from the Federal Reserve and a wider shift to risk-off sentiment have amplified selling pressure, turning what looked like a late-year rally into a vulnerable setup. Volume and momentum indicators have weakened, leaving $440 as the narrow line between a rebound and a deeper breakdown. Traders and holders should watch how price reacts around $440 and monitor intraday volume for conviction; a clear break below that level would likely accelerate declines toward the pattern's target. Conversely, reclaiming and holding above $440 would keep a near-term recovery scenario alive, but market sensitivity to Fed cues and broader crypto market flows means volatility could remain elevated in the short term.