Zcash (ZEC) Risks Drop to $210 as Downward Pressure Mounts

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KEY TAKEAWAYS

Zcash has come under heavy selling pressure after its developer team exited.
Technical charts show a bearish break from a neutral consolidation pattern.
ZEC stands out as one of the weakest large-cap cryptocurrencies in the short term.

Zcash (ZEC) has suffered a substantial correction following the developer team abandoning the project. Even worse, the charts suggest that the price may be heading lower as selling pressure continues to weigh on the coin.

Crypto analysis platform CryptoPulse shared a chart on X suggesting the next price target is $210. The 3-day chart revealed that ZEC has been in a symmetrical triangle, which is a neutral chart formation that suggests neutrality in the market sentiment until there is break in the upward or downward direction.

The chart indicates that ZEC is breaking downward from the triangle, and the next price target is $210. At the time of this report, the coin has already dropped to $381, significantly below the lower line of the triangle.

$ZEC is breaking down from a symmetrical triangle, with a potential downside target around $210. pic.twitter.com/6BKq7eVlXN

— CryptoPulse (@CryptoPulse_CRU) January 10, 2026

ZEC Loses to the Bears

The exit of Zcash’s entire developer team triggered a 20% drop in its price shortly after it came to public notice, a sign that investors were losing confidence in the coin. Since then, the situation has worsened, leading to Monero reclaiming its position as the top privacy coin. It was after this incident that ZEC formed the symmetrical triangle as the market got weary.

The coin was holding the $400 support a few hours ago, which had the potential to reverse the trend. However, the uncertainty around the team may have worsened its fate, causing it to lose that support and to drop lower. At this point, there is hardly any support to hold the coin until sub $250.

Unless bulls jump back in and reverse the trend with a massive buy which is unlikely considering the dev team departure, the coin may hit the $210 target before a trend reversal may be back on the table. Even then, investor sentiment must be really strong to return it to the higher prices explored in last year’s rally.

ZEC 7-day price chart. Source: Coingecko.com.

ZEC Price At a Glance

ZEC stands out as the biggest loser among the top 20 assets at the time of writing this report, having lost over 24% in the last seven days and 13% in the last 24 hours. The current trading price is $383 which remains under the lower line of the triangle.

Though there’s some correction across the market, the coin stands out with a distinct sign of bearish sentiment which may continue for the short-term, especially heading into the weekend.