Zcash is rising today: what traders are watching (January 26)

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Zcash Surges 10.45% Today to $364

Highlights

ZEC trades at $364.42, below both the MA-20 ($396.44) and MA-50 ($430.56), but remains well above the long-term MA-200 at $254.09, signaling short-term bearishness within a supported long-term trend.
Momentum indicators are mixed: MACD is bearish, ADX is neutral, and RSI, Stoch RSI, and CCI show oversold conditions, suggesting the recent decline may be overextended.
For the coming week, ZEC is expected to range between $381.24 and $441.59, with an 80%+ probability of sideways or upward movement if price holds above $328.

Anton Kharitonov, expert at Traders Union, takes a critical stance on Zcash’s latest surge. He notes that, despite the daily gain, ZEC remains well under key moving averages at $396.44 and $430.56, which signals that sellers still have the upper hand. Bearish momentum in the MACD, combined with neutral ADX and oscillators signaling oversold conditions, suggests recent upside may be more corrective than structural. The absence of supporting news further undermines the sustainability of this rebound, in his view. He cautions, "A single strong session does not undo established downtrends — real confirmation is still lacking here."

Viktoras Karapetjanc, expert at Traders Union, sees an opportunity in Zcash’s strong move upward. He emphasizes that long-term support above the MA-200 at $254.09 remains robust, helping to form a solid bullish structure despite absence of positive news. With probabilities favoring further upside and technical indicators pointing to oversold conditions, he believes ZEC is positioned for continued growth. Karapetjanc confidently states, "With the baseline scenario favoring consolidation and breakout potential, this market offers multiple setups for forward-thinking buyers."

Parshwa Turakhiya, analyst, identifies short-term trading opportunities as Zcash shows a volatile bounce from oversold levels. He observes that, while momentum remains bearish on higher timeframes, daily price action favors intraday buyers. Turakhiya highlights that sentiment could shift quickly if a breakout above $431 occurs. He concludes, "For active traders, the $380–$440 band is where sentiment-driven setups will unfold next."

Buyer push tests session highs amid persistent bearish momentum

Momentum signals remain mixed on the daily timeframe: MACD shows bearish momentum and ADX is neutral, while RSI, Stoch RSI, and CCI all indicate oversold conditions, suggesting the decline may be overextended. BBP points to continued seller dominance intraday, and the Awesome Oscillator is neutral, not confirming a reversal. The price surged $34.48 higher today in a strong daily move, with virtually no gap between the previous close and today’s open, and ZEC is trading close to the session high. Intraday volatility has been high, with buyers pushing toward session highs after the open, but higher timeframe momentum remains bearish. Key resistance is near the Ichimoku Kijun line at $431.37, and the price range today was $328.15 – $366.71.

Previously it was reported that ZCash is trading well below short- and medium-term moving averages, with indicators such as MACD, RSI, and CCI reflecting strong bearish momentum and oversold conditions amid intensified volatility and persistent seller control. The asset maintains support above the 200-day moving average, while immediate resistance is defined by the Ichimoku Kijun, and short-term flows show intermittent buyer interest before renewed downward pressure.

Source of Data: ZEC Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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