- ZEC price remains below major resistance near the $780 range high
- Rising social activity followed the rally instead of leading market momentum
- Privacy coin demand increases as Zcash adoption and usage continue growing
ZEC price remained under pressure on Thursday after failing to reclaim higher resistance levels following a strong weekly rally. The token traded near $570 after slipping roughly 1.46% over the past 24 hours. Despite the pullback, market analysts say the recent slowdown reflects profit-taking rather than a major shift in momentum.
Crypto Tony shared a chart showing ZEC/USD still trading beneath a descending resistance structure. The analyst highlighted $780 as a critical range high that bulls must retest to sustain broader bullish sentiment.
ZEC Price Faces Technical Pressure Below $780 Resistance
ZEC price recently surged nearly 70% in a rapid move that drew fresh attention across the crypto market. However, strong rallies often trigger temporary cooling periods as traders secure profits after sharp gains.
According to Crypto Tony, the pair continues to print lower highs despite recent strength. His chart, covering price action from August through September, showed a prolonged downtrend mixed with short consolidation phases.
The analyst noted that ZEC price still needs a clean move toward the $780 range high. That level was last tested between late 2025 and early 2026. Failure to revisit that zone may weaken bullish momentum in the coming weeks.
Meanwhile, broader market softness has also contributed to recent selling pressure. Roughly $48 million in spot selling reportedly entered the market during the latest cooldown phase.
ZEC Price Gains Attention as Privacy Coin Narrative Returns
Santiment data showed that social interest around Zcash increased sharply after the rally began. Social mentions climbed to nearly 330, while social dominance rose toward 0.55%, the highest level in months.
The timing suggests retail traders reacted after the breakout instead of anticipating it earlier. That pattern often appears when momentum-driven buying enters the market late in a rally cycle.
The broader privacy coin narrative has also strengthened recently. Growing concerns around surveillance and tighter regulations have renewed interest in networks focused on transaction privacy.
Zcash has additionally benefited from wider accessibility after listings on major platforms like Robinhood. On-chain activity also remains notable, with more than 30% of circulating ZEC currently held inside shielded pools, reflecting continued usage of the network’s privacy features.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
