Zcash (ZEC) breaks $300 support: Is a major crash imminent?

Zcash (ZEC) tumbles below $300! Technical analysis suggests a potential 30% drop to $195. Explore the scenarios and what to watch for.

Written by Charles Ledoux

Translated on February 4, 2026 at 11:03 by Simon Dumoulin

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An Alarming Technical Signal: The $300 Fortress Collapses

The cryptocurrency market shows no mercy to fragile structures, and Zcash (ZEC) is paying the price today. Trading around $291.50, the privacy token has officially broken below the psychological and technical threshold of $300. This level is far from insignificant: it was the last low from November 2025

The chart analysis is unequivocal and turning bright red. On the weekly timeframe, ZEC is printing its sixth consecutive red candle, confirming intense selling pressure. Even more concerning, an “Inverted Cup and Handle” chart pattern has formed. This pattern traditionally signals a powerful bearish continuation. Additionally, the ADX (Average Directional Index) indicator, which measures trend strength, displays a score of 26.07. A level above 25 indicates that the current trend — bearish in this case — is strong and well-established.

$195 Target: Is the Catastrophe Scenario Taking Shape?

The break of the $300 support opens the door to increased downside volatility. If the bulls fail to quickly reclaim this zone, market mechanics could trigger capitulation. According to current technical projections, if ZEC remains below this pivot, the downside potential is estimated at an additional 30%. This would place the next major target around $195, the low point of the 3-day order block. A level that hasn’t been reached since last October.

Zcash ZEC price chart over 3 days showing order blocks, CVD, and trendlines

Before that, a strong liquidity zone sits around $220. A bounce could be observed at this level. However, if $190 is lost, ZEC will likely plummet below $100.

The battle between buyers and sellers is now underway. While technical indicators like the ADX and the inverted cup structure argue for a continuation of the decline, the price reaction at the intermediate support of $275 will be decisive in the next 24 hours. If this level gives way, the path to $195 appears clear. Conversely, an aggressive lower wick accompanied by massive buying volume could invalidate this bearish scenario.

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Charles Ledoux

Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.

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