This Analyst Was Spot On About Zcash (ZEC) Price
Zcash (ZEC) pumped hard, but it hasn’t been able to hold up near the highs. Price is now stalling, and the chart is starting to look weak again.
Crypto analyst Cryptorphic shared a clear warning on ZEC, saying that the real move may still be down. His take is that Zcash is stuck under a major resistance level, buyers are losing energy, and the market is starting to look more like distribution than strength.
The first thing that stands out on the ZEC chart is the $300 zone. Zcash pushed into that area after the pump, but it failed to break through cleanly.
ZEC has been stuck below that level for days, and every bounce keeps losing strength. Sellers are clearly holding the line, and buyers aren’t pushing back hard enough.
As long as ZEC stays capped under $300, upside becomes limited and the risk of a deeper pullback grows.
Meanwhile, Cryptorphic highlights $281 as the most important support level right now, and the chart backs that up.
The Zcash price is sitting near the lower edge of the current range, and price action is tightening. This is the kind of zone where a breakdown can happen quickly if buyers step aside.
If ZEC loses $281, the structure breaks, and the chart opens up space toward the next major support.
Source: X/Cryptorphic
$255 Could Come Fast on a Breakdown For ZEC
The next downside target sits around $255. That level is marked clearly on the chart as the next support area below the range.
If $281 fails, there is not much in between to slow the move down. That’s why Cryptorphic says the door opens toward $255 fast.
This is where traders start paying close attention, because range breakdowns often trigger sharp follow-through selling.
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However, the RSI indicator on the chart is also rolling over. After the pump, momentum peaked, but it has been fading since then.
RSI is now drifting lower, which fits with the idea that buying strength is cooling off. When momentum fades near resistance, price often struggles to push higher. That adds more weight to the bearish outlook in the short term.
Zcash Price Outlook
Zcash delivered a strong pump, but the chart now looks heavy. Price is stuck below $300, support at $281 is under pressure, and momentum is fading.
Cryptorphic’s analysis points to a clear scenario: if the ZEC price breaks below $281, a drop toward $255 becomes the next logical move.
Until buyers reclaim $300 with strength, Zcash remains in a fragile spot, and this looks more like distribution than a fresh breakout phase.
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