Zcash (ZEC) price extended the week-start pullback from a month’s high, down for the second consecutive day to $525.00 early Wednesday morning in New York.
In doing so, the privacy coin retreats from the upper line of a month-old ascending trend channel bullish formation. Additionally, sluggish trading volume and a pullback in the market capitalization (market cap) also allow the ZEC buyers to take a breather.
According to Santiment, Zcash’s daily trading volume eases from a 12-day high to $520.02 million, while the market cap takes a U-turn from a two-week top, hit the previous day, falling to $7.20 billion as we write.
Despite the altcoin’s latest retreat, the ZEC remains on the way to posting an 840% yearly jump in 2025, the biggest on record.
That said, the ascending trend channel joins bullish signals from the 14-day Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) momentum indicators to keep the Zcash buyers hopeful even as the quote eases during the final day of 2025.
It’s worth noting that the crypto market sentiment has been sluggish of late, mainly due to a lack of major data/events amid the year-end holiday mood, which in turn restricts the ZEC’s momentum.
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Zcash Price: Daily Chart Suggests Bullish Consolidation
The Zcash price eases within a month-old bullish channel amid the year-end positioning, especially after a nearly 840% yearly jump.
ZEC’s latest retreat from an upper line of an ascending trend channel, close to $555.00, lacks support from the RSI and the MACD, as both these momentum indicators are favouring the bullish momentum. That said, the RSI line is well past the 50.00 neutral limit, but below the overbought threshold, while the MACD flashes a green histogram to favor the Zcash buyers.
With this, the privacy coin’s downside room appears to be limited, which in turn highlights the 50-day Simple Moving Average (SMA) support of $475.00 as a short-term key support before the stated channel’s bottom of $438.00.
Even if the quote defies the bullish chart pattern by declining below the $438.00 support, the 100-day SMA and 61.8% Fibonacci retracement of its August-November upside, respectively near $372.00 and $304.00, will be in the spotlight.
Above all, ZEC remains on the bull’s radar as long as the price stays beyond the 200-day SMA support of $207.00.
On the flip side, a clear break of the $555.00 hurdle, comprising the stated channel’s top, could direct the Zcash price toward the 23.6% Fibonacci ratio of $574.00.
Beyond that, multiple hurdles around the $600.00 and the $700.00 round figures may challenge the buyers before directing them to the all-time high marked in November around $740.00.
Zcash Price: Four-Hour Chart Hints at Modest Pullback
On the four-hour chart, the Zcash price retreats from a five-week high as the RSI pulls back from the overbought conditions and the MACD flashes bearish signals (the red histograms).
This suggests the quote’s short-term pullback toward the 50% Fibonacci retracement of October-November upside, near $462.00.
Below that, an ascending support line from early December, close to $438.00, and the 200-bar SMA of $425.00 could challenge the bears before giving them control.
Meanwhile, the ZEC rebound may initially aim for the monthly peak of $554.00 ahead of highlighting the daily chart’s higher levels.
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