January 14 News, privacy cryptocurrency Zcash (ZEC) is attempting to recover from the sharp decline experienced at the end of December last year. Previously, due to a large-scale departure of core developers triggering community controversy, market confidence was significantly affected, and ZEC’s price once retreated over 30% from its high, with selling pressure continuously releasing.
Entering 2026, positive changes have appeared in on-chain data. The latest data shows that addresses holding more than $1 million worth of crypto assets have quietly shifted to an accumulation mode. Over the past week, the holdings of these “Zcash whale” addresses increased by nearly 13%, currently holding approximately 9,962 ZEC. This change is seen as a key turning point in the behavior of large holders after weeks of distribution.
From historical experience, whale accumulation after a significant price correction often stabilizes market sentiment. When asset prices are significantly below previous trading ranges, long-term funds tend to gradually build positions. The recent buying activity of ZEC coincides with the price stabilizing around $403, indicating that downside risk may be weakening, while also buffering the ongoing selling pressure from retail investors.
The technical outlook also shows signs of improvement. The MACD indicator is approaching a potential golden cross, although not yet confirmed, with the bearish histogram clearly converging, indicating that downward momentum is waning. Once the indicator turns positive, it usually signals a transition from a correction phase to an initial upward phase. Meanwhile, since rebounding from the $363 region, ZEC has gradually formed a higher low structure.
In terms of price performance, ZEC has rebounded approximately 13% over the past three days and is currently hovering around $421. Earlier this week, $403 was validated as a short-term support level. However, from a medium-term perspective, Zcash still needs to recover about 30% of its decline to fully repair the losses since late December last year.
In the short term, $443 is seen as a key resistance level. If this area is effectively broken and turns into support, ZEC is expected to further test the important psychological threshold of $500. Conversely, if the rebound momentum is insufficient, the price may oscillate within the $403 support and resistance zone; a break below $403 would put Zcash at risk of falling back toward the $363 region.
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