The crypto market does not seem to display a recovery. Bearish pressure is gaining traction, and the broader sentiment is hanging in the extreme fear zone. CurrentlyThe crypto market does not seem to display a recovery. Bearish pressure is gaining traction, and the broader sentiment is hanging in the extreme fear zone. Currently

Zcash (ZEC) Under Pressure: Will It Lose the $240 Support?

2026/02/23 19:53
3 min read
  • Zcash is currently trading around the $247 mark.
  • The ZEC market has been hit with $4.81M in liquidations.

The crypto market does not seem to display a recovery. Bearish pressure is gaining traction, and the broader sentiment is hanging in the extreme fear zone. Currently, both the red and green charts are alive, but the green is likely short-lived. Bitcoin (BTC), the dominant asset, is trading at $66.3K, and Ethereum (ETH), the largest asset, hovers around $1.9K. 

Meanwhile, Zcash (ZEC) has lost 2.46% in value over the 24 hours. The asset opened the day trading at a high of $252.90, and with the potential bearish turn, the ZEC price slid to a low of $230.91. The recent loss made Zcash trade at $247.23, and the daily trading volume settled at $291.18 million. In addition, the ZEC market has hit with a liquidation of $4.81 million. 

ZEC price (Source: TradingView)

On the four-hour chart of the ZEC/USDT trading pair, the bears are in power. The price could try to retrace toward its support level at $240.34. Further bearish correction might trigger the death cross to unfold and take the price even lower. On the flip side, if a bullish reversal occurs, the Zcash price might rise and find the nearest resistance at around $252.68. An extended upside pressure could initiate the emergence of the golden cross, and send the price toward its recent highs. 

Are Technical Signals Pointing to Further Weakness in Zcash?

Zcash’s technical analysis reports that the MACD and the signal lines have crossed below the zero line, and the broader trend shifted into bearish. There is an increased risk of continued downward pressure unless the momentum reverses. Besides, the CMF indicator stationed at -0.17 suggests strong selling pressure in the ZEC market. With the deeper negative value, a noticeable amount of money is flowing out of the asset, and the distribution is dominating.

The current market sentiment of Zcash is having a weak bearish momentum, as the daily RSI is at 35.36. It is resting below the neutral level, showing that the sellers are currently having control. The asset has not entered the oversold territory, which may likely approach soon. 

Furthermore, ZEC’s BBP reading of -9.72 implies strong bearish strength. The selling dominance is aggressive, with the bears firmly in control. Notably, heavy downside pressure is present, and the market experiences strong distribution unless a reversal signal appears.

Top Updated Crypto News

XRP Tests Support After 4% Fall: Will It Stay in the Red and Extend the Slide?

Market Opportunity
Zcash Logo
Zcash Price(ZEC)
$240.98
$240.98$240.98
-1.30%
USD
Zcash (ZEC) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Crucial US Stock Market Update: What Wednesday’s Mixed Close Reveals

Crucial US Stock Market Update: What Wednesday’s Mixed Close Reveals

BitcoinWorld Crucial US Stock Market Update: What Wednesday’s Mixed Close Reveals The financial world often keeps us on our toes, and Wednesday was no exception. Investors watched closely as the US stock market concluded the day with a mixed performance across its major indexes. This snapshot offers a crucial glimpse into current investor sentiment and economic undercurrents, prompting many to ask: what exactly happened? Understanding the Latest US Stock Market Movements On Wednesday, the closing bell brought a varied picture for the US stock market. While some indexes celebrated gains, others registered slight declines, creating a truly mixed bag for investors. The Dow Jones Industrial Average showed resilience, climbing by a notable 0.57%. This positive movement suggests strength in some of the larger, more established companies. Conversely, the S&P 500, a broader benchmark often seen as a barometer for the overall market, experienced a modest dip of 0.1%. The technology-heavy Nasdaq Composite also saw a slight retreat, sliding by 0.33%. This particular index often reflects investor sentiment towards growth stocks and the tech sector. These divergent outcomes highlight the complex dynamics currently at play within the American economy. It’s not simply a matter of “up” or “down” for the entire US stock market; rather, it’s a nuanced landscape where different sectors and company types are responding to unique pressures and opportunities. Why Did the US Stock Market See Mixed Results? When the US stock market delivers a mixed performance, it often points to a tug-of-war between various economic factors. Several elements could have contributed to Wednesday’s varied closings. For instance, positive corporate earnings reports from certain industries might have bolstered the Dow. At the same time, concerns over inflation, interest rate policies by the Federal Reserve, or even global economic uncertainties could have pressured growth stocks, affecting the S&P 500 and Nasdaq. Key considerations often include: Economic Data: Recent reports on employment, manufacturing, or consumer spending can sway market sentiment. Corporate Announcements: Strong or weak earnings forecasts from influential companies can significantly impact their respective sectors. Interest Rate Expectations: The prospect of higher or lower interest rates directly influences borrowing costs for businesses and consumer spending, affecting future profitability. Geopolitical Events: Global tensions or trade policies can introduce uncertainty, causing investors to become more cautious. Understanding these underlying drivers is crucial for anyone trying to make sense of daily market fluctuations in the US stock market. Navigating Volatility in the US Stock Market A mixed close, while not a dramatic downturn, serves as a reminder that market volatility is a constant companion for investors. For those involved in the US stock market, particularly individuals managing their portfolios, these days underscore the importance of a well-thought-out strategy. It’s important not to react impulsively to daily movements. Instead, consider these actionable insights: Diversification: Spreading investments across different sectors and asset classes can help mitigate risk when one area underperforms. Long-Term Perspective: Focusing on long-term financial goals rather than short-term gains can help weather daily market swings. Stay Informed: Keeping abreast of economic news and company fundamentals provides context for market behavior. Consult Experts: Financial advisors can offer personalized guidance based on individual risk tolerance and objectives. Even small movements in major indexes can signal shifts that require attention, guiding future investment decisions within the dynamic US stock market. What’s Next for the US Stock Market? Looking ahead, investors will be keenly watching for further economic indicators and corporate announcements to gauge the direction of the US stock market. Upcoming inflation data, statements from the Federal Reserve, and quarterly earnings reports will likely provide more clarity. The interplay of these factors will continue to shape investor confidence and, consequently, the performance of the Dow, S&P 500, and Nasdaq. Remaining informed and adaptive will be key to understanding the market’s trajectory. Conclusion: Wednesday’s mixed close in the US stock market highlights the intricate balance of forces influencing financial markets. While the Dow showed strength, the S&P 500 and Nasdaq experienced slight declines, reflecting a nuanced economic landscape. This reminds us that understanding the ‘why’ behind these movements is as important as the movements themselves. As always, a thoughtful, informed approach remains the best strategy for navigating the complexities of the market. Frequently Asked Questions (FAQs) Q1: What does a “mixed close” mean for the US stock market? A1: A mixed close indicates that while some major stock indexes advanced, others declined. It suggests that different sectors or types of companies within the US stock market are experiencing varying influences, rather than a uniform market movement. Q2: Which major indexes were affected on Wednesday? A2: On Wednesday, the Dow Jones Industrial Average gained 0.57%, while the S&P 500 edged down 0.1%, and the Nasdaq Composite slid 0.33%, illustrating the mixed performance across the US stock market. Q3: What factors contribute to a mixed stock market performance? A3: Mixed performances in the US stock market can be influenced by various factors, including specific corporate earnings, economic data releases, shifts in interest rate expectations, and broader geopolitical events that affect different market segments uniquely. Q4: How should investors react to mixed market signals? A4: Investors are generally advised to maintain a long-term perspective, diversify their portfolios, stay informed about economic news, and avoid impulsive decisions. Consulting a financial advisor can also provide personalized guidance for navigating the US stock market. Q5: What indicators should investors watch for future US stock market trends? A5: Key indicators to watch include upcoming inflation reports, statements from the Federal Reserve regarding monetary policy, and quarterly corporate earnings reports. These will offer insights into the future direction of the US stock market. Did you find this analysis of the US stock market helpful? Share this article with your network on social media to help others understand the nuances of current financial trends! To learn more about the latest stock market trends, explore our article on key developments shaping the US stock market‘s future performance. This post Crucial US Stock Market Update: What Wednesday’s Mixed Close Reveals first appeared on BitcoinWorld.
Share
Coinstats2025/09/18 05:30
Trump suggests he wants to send Americans 'that don't work' to other countries

Trump suggests he wants to send Americans 'that don't work' to other countries

President Donald Trump suggested he would like to load up Americans "that don't work" in caravans and send them to other countries.At an event with so-called Angel
Share
Rawstory2026/02/24 00:07
Woodway Assurance unveils EviData 2.0 with new AI companion, EviChat

Woodway Assurance unveils EviData 2.0 with new AI companion, EviChat

OTTAWA, ON, Feb. 23, 2026 /PRNewswire/ – Today Woodway Assurance unveiled EviData™ 2.0, featuring EviChat™, a new AI companion that enhances the user experience
Share
AI Journal2026/02/24 00:32