Overview
- ZEC slipped under a key $300 level and recently traded around $283–$290, extending losses to about 21% for the week and 43% over the past month.
- Spot activity weakened, with 24-hour trading volume dropping 22% to roughly $363 million, indicating softer participation.
- Derivatives cooled as CoinGlass reported futures volume down about 20% to $1.14 billion while open interest held near $451 million.
- Price sits near the lower Bollinger Band around $290, and some analysts point to risks of further declines toward $275 in the near term and possibly around $195 if weakness persists.
- Uncertainty stemming from January’s mass resignations at core developer Electric Coin Company clouds upgrade timelines, as the project launches refreshed marketing to shore up interest.