Zcash Market Overview: 24-Hour Analysis for ZECUSDT

• ZECUSDT fell 6.19% over 24 hours, closing at $40.46 after a sharp decline from $43.62.
• Strong bearish momentum confirmed by declining RSI and negative MACD crossover.
• Price broke below key support at $41.33, with Fibonacci 61.8% at $40.53 now in focus.
• Volatility spiked with a 15-minute candle dropping 9% (43.62 → 40.78), triggering increased selling.
• High volume divergence seen in the final 6 hours, suggesting exhaustion of short-term sellers.

Zcash (ZECUSDT) opened at $43.1 on 2025-08-24 12:00 ET, hit a high of $43.62, dropped to a low of $40.37, and closed at $40.46 on 2025-08-25 12:00 ET. Total volume was 34,867.12 ZEC, and notional turnover reached approximately $1,464,123.

Structure & Formations

Price broke decisively below the $41.33 support level after a failed bullish attempt to retest the $43.07–43.62 swing high. A long bearish candle on the 2025-08-24 19:45 session (43.32 → 42.83) and another on 2025-08-25 06:45 (42.28 → 41.33) signaled weakening control. A potential bearish engulfing pattern formed around the $42.31–42.36 range, indicating a shift in sentiment. A long-legged doji on 2025-08-25 12:45 (41.36 → 41.10) suggests indecision near Fibonacci 61.8% at $40.53.

Moving Averages

On the 15-minute chart, price closed below both 20-period and 50-period SMAs, reinforcing short-term bearish bias. On the daily timeframe, it also broke below the 50-day, 100-day, and 200-day moving averages, confirming a broader downtrend.

MACD & RSI

The 15-minute MACD crossed below zero and remained negative, with bearish divergence between price and MACD line. RSI accelerated downward, reaching oversold territory at 28.4 by the close, hinting at potential short-term bounce. However, given the strong bearish move, a rebound may lack conviction.

Bollinger Bands

Volatility expanded sharply during the 19:45–00:00 window, pushing price to the lower band and beyond. The current price of $40.46 sits near the lower Bollinger band on the 15-minute chart, suggesting possible near-term support.

Volume & Turnover

Volume surged on the 19:45 (6,856.97 ZEC) and 23:45 (14,838.89 ZEC) candles as the asset dropped nearly 9% in a 15-minute period. However, in the final 6 hours of the 24-hour window, volume dropped significantly despite continued price declines, suggesting short-term bearish exhaustion.

Fibonacci Retracements

From the $40.37 low to the recent $43.62 high, the 61.8% Fibonacci retracement level now at $40.53 appears critical. A retest of this level is expected, with a break below likely targeting $39.50.

While short-term overbought conditions may prompt a minor rebound, the overall bearish bias persists. Traders should monitor the $40.53 level for potential support. A further breakdown could target $39.50, but volatility and volume must align for confirmation. As always, be cautious of black swan events and sudden market shifts in the next 24 hours.