{"id":69894,"date":"2026-03-19T16:46:36","date_gmt":"2026-03-19T16:46:36","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/zcash-price-falls-below-240-amid-profit-taking-whats-next-for-zec\/"},"modified":"2026-03-19T16:46:36","modified_gmt":"2026-03-19T16:46:36","slug":"zcash-price-falls-below-240-amid-profit-taking-whats-next-for-zec","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/zcash-price-falls-below-240-amid-profit-taking-whats-next-for-zec\/","title":{"rendered":"Zcash price falls below $240 amid profit-taking: what\u2019s next for ZEC?"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/02\/trader-checks-crypto-price-chart-on-mobile-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/02\/trader-checks-crypto-price-chart-on-mobile-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/02\/trader-checks-crypto-price-chart-on-mobile-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/02\/trader-checks-crypto-price-chart-on-mobile-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Zcash price was down nearly 10% in the past 24 hours.<\/li>\n<li>The ZEC token changed hands at around $239 as bulls risk a key support level.<\/li>\n<li>Is the dip a healthy consolidation move or the start of a deeper correction?<\/li>\n<\/ul>\n<p>Zcash (ZEC) pulled back sharply on Thursday, falling nearly 10% in intraday performance as the surge to a multi\u2011month high near $280 risked fading.<\/p>\n<p>The privacy coin traded to lows of $239, with the retreat coming amid a broader risk\u2011off shift in crypto markets.<\/p>\n<p>Profit\u2011taking across the board means ZEC\u2019s recent breakout could fuel bears\u2019 move towards a key psychological support at $230.<\/p>\n<p>Can bulls hold onto support levels, or is Zcash price poised for an even deeper correction?<\/p>\n<h2>Why is the Zcash price down today?<\/h2>\n<p>Zcash\u2019s slide from the $280 level reflects a combination of several short\u2011term factors.<\/p>\n<p>Broadly, it\u2019s the investor jitters around the global macro and geopolitical environment.<\/p>\n<p>Bitcoin, for instance, is struggling to hold gains above $70k, and a similar outlook is engulfing top altcoins, including Ethereum, Solana, BNB, and XRP.<\/p>\n<p>A key perspective is the profit\u2011taking amid heightened macro uncertainty.<\/p>\n<h2>ZEC outlook amid key network growth metrics<\/h2>\n<p>Zcash price has shown resilience amid interest in privacy coins, with a recent spike to $280 aligning with this sentiment amid Zodl\u2019s milestone.<\/p>\n<p>Despite the pullback to $239, bulls remain positive as on-chain metrics outline notable network growth.<\/p>\n<p>For instance, Zcash\u2019s hashrate has hit a new all-time high of 16.54 GS\/s.<\/p>\n<p>Meanwhile, shielded supply has climbed to 5.15 million ZEC, accounting for roughly 31% of the coin\u2019s circulating supply.<\/p>\n<p>A surge in shielded supply indicates growing demand for private transactions.<\/p>\n<p>Importantly, a sizable portion of ZEC is off crypto exchanges, which signals a long-term bullish view.<\/p>\n<p>The robust network security and increased interest in privacy-focused transactions offer a two-pronged approach to adoption, and could boost ZEC price.<\/p>\n<h2>Zcash price technical picture<\/h2>\n<p>From a technical standpoint, ZEC\u2019s daily chart points to a mixed outlook with oscillators and moving averages leaning neutral-to-towards selling.<\/p>\n<figure id=\"attachment_363617\" aria-describedby=\"caption-attachment-363617\" class=\"wp-caption alignnone\"><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"size-full wp-image-363617\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/03\/zcash-zec-price-chart.png\" alt=\"Zcash Price Chart\" width=\"1057\" height=\"613\"\/><figcaption id=\"caption-attachment-363617\" class=\"wp-caption-text\"><a href=\"https:\/\/www.tradingview.com\/symbols\/ZECUSD\/\" target=\"_blank\" rel=\"noopener\">Zcash price chart<\/a> by TradingView<\/figcaption><\/figure>\n<p>The current structure suggests risk appetite could allow for a clean breakout to $300.<\/p>\n<p>In this case, bulls must flip $240 into a major support base, with the 50 EMA at $262 crucial.<\/p>\n<p>Further upside movement will bring the 200 EMA ($281) into view.<\/p>\n<p>Above these levels lie $300 and the 100 SMA at $339, which could be a key resistance zone as bulls eye the $500 target.<\/p>\n<p>Zcash\u2019s sharp pullback after the spike to $280, therefore, provides bulls with an opportunity to pump amid a shakeout of weak hands.<\/p>\n<p>However, if short\u2011term selling gains momentum amid broader crypto weakness, the coin\u2019s price could fall to $206 and then $185.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/zcash-price-falls-below-240-amid-profit-taking-whats-next-for-zec\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Zcash price was down nearly 10% in the past 24 hours. The ZEC token changed hands at around $239 as bulls risk a key support level. Is the dip a healthy consolidation move or the start of a deeper correction? Zcash [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":69895,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/69894"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=69894"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/69894\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/69895"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=69894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=69894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=69894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}