Zcash price hits one-month low after losing key supports

Zcash slid 24% in 24 hours at the start of December after a late Sunday pullback across digital-asset markets, dropping through several support zones and the 200-day exponential moving average. The token fell to one-month lows and led declines among major cryptocurrencies.

The retreat followed a three-month climb that peaked in early November. After that peak, ZEC traded within a defined range. A late-November dip produced the first daily close below a key support in nearly a month, and losses accelerated as additional levels gave way before a minor bounce.

Chart specialists flagged a break below the 200-day EMA and a failed retest of that gauge. Analyst Sjuul called it “a perfect bearish retest followed by a strong rejection” and cautioned that failing to regain the average could expose lower support areas.

Altcoin Sherpa, a market commentator, expects further weakness after the loss of a major level while noting that short-term bounces can occur during retracements. Mert Mumtaz, co-founder and CEO of Helius, described the decline as a standard pullback after a sharp rally and said the token “looks great” on higher timeframes. He added, “privacy is not a narrative, private money is the entire purpose of crypto.”

A pseudonymous trader known as Make Sense highlighted the first major support below the November range and focused on whether it holds. “This is where market makers decide the next trend: bounce early → mid-range rally or deep sweep → full trend reversal. Either way, volatility is about to explode,” the trader wrote. If the current floor remains intact, price could rebound toward mid-range; if not, a test of lower areas could follow before any trend change.

Zcash recorded the steepest daily and weekly losses among tracked cryptocurrencies during the late-Sunday downturn, based on market data. Near term, market participants are watching the 200-day EMA and nearby levels for signs of stabilization or a continued slide.

As we covered previously, Reliance Global Group, a Nasdaq-listed insurance and insurtech firm based in Lakewood, New Jersey, liquidated its Bitcoin, Ethereum, Cardano and XRP positions and consolidated its entire Digital Asset Treasury into Zcash after an internal review led by its new Crypto Advisory Board chaired by Blake Janover. The company cited Zcash’s shielded transactions and selective disclosure, which it says fit public-company custody, risk and compliance processes. On Nov. 26, 2025, ZEC traded around $501, up over 800% year-on-year but down week-on-week, as corporates tested privacy coins and stablecoins.