Zcash Price Forecast: ZEC recovery falters under ETF selling pressure

• After two consecutive days of declines, Zcash posts a modest gain on Monday while remaining within its consolidation range.
• Last week’s $13 million outflow from ZEC ETFs followed an inflow of $17 million the week before, pointing to mixed investor sentiment.
• With Zcash confined to the $1,112–$1,340 consolidation range, its technical outlook remains mixed.

Institutional outflows from Zcash (ZEC) totalled $13 million, while interest among retail investors remains mixed. Nevertheless, the privacy coin draws some buying interest on Monday, recovering slightly after two consecutive daily declines. Continued consolidation between $1,112 and $1,340 suggests that Zcash is losing momentum, according to the technical outlook.

ZEC Remains Subdued After NU7 Launch as ETF Outflows Continue

Block confirmation times fell from 75 seconds to 25 seconds when Zcash’s Network Upgrade 7 (NU7) launched on the mainnet on Friday. Yet the upgrade has failed to draw buyers: Friday’s price action remained below the $1,340 resistance level, leading to two successive days of declines. 

In retrospect, last week’s $13 million in outflows reflects institutional reluctance that has weighed on the upgrade’s impact. Further sustained withdrawals from ZEC-focused exchange-traded funds (ETFs) could increase downside risk.

Among retail traders, ZEC futures open interest (OI) has fallen 2% in the last 24 hours to $2.68 billion, signalling that outstanding contracts are being unwound. At the same time, the funding rate has climbed to 0.0272%, suggesting traders are rebuilding long positions in anticipation of a possible recovery.

Technical outlook: Zcash needs to reclaim resistance to restore bullish momentum

At $1,240 at the time of writing on Monday, Zcash is testing its 50-day exponential moving average (EMA) of $1,219. That average remains well above the longer-term 200-day EMA at $876, with the two together pointing to a supportive near-term structure.

Momentum appears steady and neutral: the Moving Average Convergence Divergence (MACD) and its signal line are converging close to zero, while the Relative Strength Index (RSI) sits just below 50.

A return to a bullish trend requires Zcash to regain $1,340, the resistance level established by the October high. Doing so could open the way towards the 26 September high of $1,698.

Should selling pressure intensify, the first support lies near $1,219 at the 50-day EMA, followed by a deeper structural floor at the 8 October low of $1,112.

(The technical analysis of this story was written with the help of an AI tool. Know more.)