Zcash is under heavy pressure after a post from TedPillows that the entire Zcash core development team has resigned. Whether the news is fully confirmed or not, the market reaction is already clear. Traders are selling first and asking questions later.
On the chart, the ZEC price is in free fall. Price slices through intraday support levels with little resistance, showing just how quickly sentiment can flip when uncertainty hits a project like this.
What you'll learn 👉
How the Selloff Unfolded on the ZEC Chart
Looking at the 15min ZECUSDT chart on Binance shared by Ted, the move did not start as an instant crash. The ZEC price first topped out near the $520 to $530 area and then began drifting lower in a fairly controlled way. Lower highs started to form, and each bounce was met with fresh selling.
That slow bleed eventually turned into something much more aggressive. As ZEC slipped through the mid-$460s, buyers stopped stepping in. What followed was a sharp acceleration lower, with candles stacking up quickly and very little pause between them.
The shaded range on the chart highlights the scale of the move. The ZEC price dropped roughly 28%, falling from the low $530s down toward the $386 area. That kind of move is not a normal correction. It looks more like a liquidation-driven flush, where liquidity dries up and price has to drop hard to find buyers.
Where ZEC Price Might React Next
Right now, the $386 to $390 zone is the first area to watch, simply because it marks the current low. If this level fails to hold on any bounce attempt, the next obvious area is around $380, which stands out as a psychological level.
On the upside, any relief rally is likely to run into resistance fairly quickly. The $410–$420 area is significant because that is where the final burst of the drop took place. The $440–$450 area above it is where the final consolidation took place before the breakdown.
Without reversing such levels, any kind of rebound will merely be market overreaction and unlikely a sign of trend change.
Read Also: Bitcoin Whales Are Buying ZEC as Privacy Coins Re-Enter the Institutional Conversation
Volatility Is Likely Here to Stay
After a move like this, sharp bounces are common. Shorts take profit, and some buyers try to catch a reversal. But unless Zcash can build a base and hold above broken levels, the chart remains fragile.
For now, the ZEC price is trading in headline-driven conditions, and that usually means continued volatility rather than immediate stability.
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