Overview
- ZEC extended an eight-day slide and briefly hit about $217 on Feb. 5 before stabilizing in the mid‑$200s.
- The token broke $300 support, lost a key trendline and fell below the 200‑day SMA as MACD momentum turned decisively negative.
- Analysts flag $200–$210 as the next critical support zone, with resistance near $260–$280 and $300 capping any rebound attempts.
- Dubai’s DIFC barred Zcash on licensed platforms, adding to pressure from global scrutiny of privacy coins including proposals in Russia and tighter AML checks in India.
- A broader crypto risk-off, including Bitcoin’s drop toward $70,000 and over $1.6 billion in liquidations, compounded ZEC’s selloff as volumes spiked in what some called capitulation.