Between the SEC's retreat and the ECC team's exit, Zcash seems entering a new era | Credit: Hameem Sarwar
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Key Takeaways
The SEC stated that it will take no enforcement action, which helps stabilize Zcash’s price.
Short-term flows appear supportive, but ZEC remains capped below the $450 resistance.
Daily momentum is improving, but a confirmed breakout for the ZEC price has not yet occurred.
After the mass exit of its core team, Zcash (ZEC) is starting to stabilize. The token sold off hard on the news. However, it has now posted a modest rebound as buyers cautiously step back in.
The latest catalyst is regulatory. The U.S. SEC stated that it will take no enforcement action, which removes a long-standing overhang and helps restore confidence.
Still, Zcash’s price continues to lag behind that of other privacy coins. Monero (XMR) is holding near $712.12, while Dash (DASH) trades around $82.77 after gaining roughly 12% in the past 24 hours.
That gap highlights ZEC’s relative weakness, even with a bounce underway.
SEC Clearance Eases Pressure on Zcash
In 2023, the SEC questioned whether Zcash’s early operations and offerings may have breached securities rules. It also issued a subpoena to the Zcash Foundation.
After a lengthy review, the agency confirmed on Jan. 14 that it does not plan to pursue enforcement. That outcome clears a significant uncertainty that has weighed on the coin’s sentiment for years.
“We are pleased to announce that the SEC has concluded its review and informed us that it does not intend to recommend any enforcement action or other changes against Zcash Foundation regarding this matter,” the team said.
Still Consolidating
On the 4-hour chart, capital flow data support the early recovery narrative. The Chaikin Money Flow (CMF) is currently near 0.14 and remains above the zero line, indicating improving accumulation.
At the same time, Bull Bear Power (BBP) remains positive, printing expanding green bars, which show that bulls are defending current levels and slowly regaining control.
However, ZEC still has work to do. The price remains capped below the $450 resistance zone, which previously served as a distribution area.
Until ZEC’s price reclaims that level and holds it as support, rallies may remain vulnerable to quick profit-taking.
ZEC Price Analysis
On the daily chart, momentum is improving but not decisive. At the time of writing, the Relative Strength Index (RSI) stands at 48.57, indicating that bearish pressure is easing, although buyers have not yet fully taken control.
The Moving Average Convergence Divergence (MACD) also reflects that indecision.
The red histogram bars are fading, indicating that sellers are losing momentum.
Still, the market likely needs a bullish crossover to confirm a more substantial shift back to upside momentum.
Fibonacci levels refine the near-term roadmap. With the Zcash price trading around $440.22, it is attempting to grind higher toward the 0.618 Fib area, a zone that previously attracted heavy selling following the team’s departure.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
