{"id":7642,"date":"2026-03-19T15:25:01","date_gmt":"2026-03-19T15:25:01","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=7642"},"modified":"2026-03-19T15:25:01","modified_gmt":"2026-03-19T15:25:01","slug":"zcash-price-falls-below-240-amid-profit-taking-whats-next-for-zec","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=7642","title":{"rendered":"Zcash price falls below $240 amid profit-taking: what\u2019s next for ZEC?"},"content":{"rendered":"

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\n\"Zcash\n<\/picture> <\/div>\n<\/p><\/div>\n
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  • Zcash price was down nearly 10% in the past 24 hours.<\/li>\n
  • The ZEC token changed hands at around $239 as bulls risk a key support level.<\/li>\n
  • Is the dip a healthy consolidation move or the start of a deeper correction?<\/li>\n<\/ul>\n

    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

    The privacy coin traded to lows of $239, with the retreat coming amid a broader risk\u2011off shift in crypto markets.<\/p>\n

    Profit\u2011taking across the board means ZEC\u2019s recent breakout could fuel bears\u2019 move towards a key psychological support at $230.<\/p>\n

    Can bulls hold onto support levels, or is Zcash price poised for an even deeper correction?<\/p>\n

    Why is the Zcash price down today?<\/h2>\n

    Zcash\u2019s slide from the $280 level reflects a combination of several short\u2011term factors.<\/p>\n

    Broadly, it\u2019s the investor jitters around the global macro and geopolitical environment.<\/p>\n

    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

    A key perspective is the profit\u2011taking amid heightened macro uncertainty.<\/p>\n

    ZEC outlook amid key network growth metrics<\/h2>\n

    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

    Despite the pullback to $239, bulls remain positive as on-chain metrics outline notable network growth.<\/p>\n

    For instance, Zcash\u2019s hashrate has hit a new all-time high of 16.54 GS\/s.<\/p>\n

    Meanwhile, shielded supply has climbed to 5.15 million ZEC, accounting for roughly 31% of the coin\u2019s circulating supply.<\/p>\n

    A surge in shielded supply indicates growing demand for private transactions.<\/p>\n

    Importantly, a sizable portion of ZEC is off crypto exchanges, which signals a long-term bullish view.<\/p>\n

    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

    Zcash price technical picture<\/h2>\n

    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

    \"Zcash
    Zcash price chart by TradingView<\/figcaption><\/figure>\n

    The current structure suggests risk appetite could allow for a clean breakout to $300.<\/p>\n

    In this case, bulls must flip $240 into a major support base, with the 50 EMA at $262 crucial.<\/p>\n

    Further upside movement will bring the 200 EMA ($281) into view.<\/p>\n

    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

    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

    However, if short\u2011term selling gains momentum amid broader crypto weakness, the coin\u2019s price could fall to $206 and then $185.<\/p>\n

    \n
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    Share this article<\/h6>\n
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    Categories<\/h6>\n
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    Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n

    Markets,Zcash News#Zcash #price #falls #profittaking #whats #ZEC1773933901<\/p>\n","protected":false},"excerpt":{"rendered":"

    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 (ZEC) pulled back sharply on Thursday, falling nearly 10% in intraday performance as the<\/p>\n","protected":false},"author":1,"featured_media":6789,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":{"0":"post-7642","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eurozone"},"yoast_head":"\nZcash price falls below $240 amid profit-taking: what\u2019s next for ZEC? - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"Zcash price was down nearly 10% as it hovered near $239 amid profit-taking, but are bulls riking a deeper correction\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=7642\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zcash price falls below $240 amid profit-taking: what\u2019s next for ZEC?\" \/>\n<meta property=\"og:description\" content=\"Zcash price was down nearly 10% as it hovered near $239 amid profit-taking, but are bulls riking a deeper correction\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=7642\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-03-19T15:25:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/02\/trader-checks-crypto-price-chart-on-mobile.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1536\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=7642\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=7642\",\"name\":\"Zcash price falls below $240 amid profit-taking: what\u2019s next for ZEC? 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