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Privacy token Zcash has hovered near the daily MA 50 support in the last few days, with the price currently battling to stay above this key level.
Zcash recovered above the daily MA 50 in early July 2026 and sustained above it for the rest of the month. A drop at the close of July 2026 had seen it briefly fall below this level before it recovered.
Now the key test for Zcash has returned once again as it struggles to hold above the daily MA 50, with a potential drop toward the $450 level.
Zcash fell earlier in the week as investors considered economic data. The producer price index, which measures what wholesalers pay for basic goods and materials, was flat month on month in July 2026. Economists polled by Dow Jones expected an increase of 0.2%. This follows a tame reading on consumer inflation, with the consumer price index coming in line with economists' expectations.
Zcash traded lower before recovering from a low of $465 on August 11, 2026. Since then, Zcash has fluctuated between $474 and $500, with traders now expecting the next move.
$450 highlighted as key support
The $450 level has emerged as the next support zone for ZEC, with deeper support potentially emerging around $411 if the level gives way.
The significance of the $450 level is seen as Zcash rebounded from it at July's close. The privacy token retested support around here twice, on July 29 and 31.
A decisive break below it could expose the cryptocurrency to a deeper drop, as much as 20%, potentially targeting the daily MA 200 at $394. On the other hand, holding above $450 would allow bulls to defend the broader recovery structure.
In the past week, Zcash Labs, an independent organization focused on solving technical integration challenges for businesses and institutions interested in Zcash, was revealed. Its initial focus will be Zcash blockchain integration and support for businesses and institutions, operating independent infrastructure services, and supporting new projects that expand practical Zcash use.
U.Today Editorial Team
Dan Burgin
