Connect with us
DAPA Banner

Crypto World

Zcash price tests $290 as Bollinger Band pressure builds

Published

on

Zcash price tests lower Bollinger Band near $290 — is a technical bounce forming? - 1

Zcash price is hovering near a key technical support zone after weeks of steady losses, with traders watching closely for signs of short-term exhaustion.

Summary

  • ZEC is trading near $290 after sliding more than 40% over the past month.
  • Derivatives activity has cooled, with futures volume falling even as open interest holds steady.
  • Price is testing the lower Bollinger Band, raising the odds of a short-term bounce if support holds.

As of this writing, Zcash was trading at $289, down 1.7% in the past day. The token has struggled to keep pace with recent market moves and remains one of the few large-cap assets in the red despite a slight crypto market rebound.

Zcash (ZEC) has fluctuated between $282 and $401 over the last week, but the trend has clearly shifted lower. The token is down 21% in the last seven days and has lost 43% over the past month, giving back much of its late-2025 rally.

Advertisement

Market activity has softened as prices fell. Zcash recorded $423 million in trading volume in the past 24 hours, a 15% drop. Derivatives tell a similar story.

CoinGlass data shows futures volume down 20% to $1.14 billion, while open interest edged slightly higher to $451 million, suggesting some traders are holding positions rather than aggressively adding new exposure.

Why Zcash is still under pressure

The recent weakness comes after a strong rally late last year and is likely the result of profit-taking combined with unresolved governance problems. In January, the entire core development team at Zcash developer Electric Coin Company resigned, including chief executive officer Josh Swihart.

Advertisement

The departures followed a dispute with the Bootstrap non-profit board over governance design, funding access, and control of major products such as the Zashi wallet. The Zcash network itself has not experienced any technical issues or security problems.

However, sentiment has been impacted by uncertainty about planned upgrades, development schedules, and future direction. At the same time, regulatory pressure continues to weigh down on privacy tokens. 

The most recent decline appears to be a grinding consolidation rather than a sell-off triggered by panic. ZEC may be exposed to further decline if nearby support levels give way because each bounce attempt has faded rapidly.

Recent marketing initiatives might provide some temporary relief. In an attempt to raise awareness and spark interest, Zcash has launched new advertising campaigns with updated branding.

Advertisement

If market conditions improve, stronger engagement might help stabilize price action, but it is unlikely to stop the trend on its own. 

Zcash price technical analysis

ZEC is trading close to the lower Bollinger Band near $290 on the daily chart. Although it does not guarantee a reversal, this area often indicates short-term exhaustion following prolonged declines.

The price is still below the 20-day moving average, which keeps the overall trend downward. In the past, short relief bounces have been preceded by the relative strength index falling into the low-30s like in the current setup.

Zcash price tests lower Bollinger Band near $290 — is a technical bounce forming? - 1
Zcash daily chart. Credit: crypto.news

Any attempt to move higher might encounter resistance in the $320–$350 range, where the short-term averages and middle Bollinger Band converge.

A brief push toward $310–$330 may occur if buyers intervene, particularly if the RSI stabilizes and the price returns to the mid-Bollinger range. On the downside, ZEC would be vulnerable to larger losses if it breaks below $280, with little visible support until lower psychological levels.

Advertisement

Source link

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Crypto World

Iran turns Strait of Hormuz into $1-per-barrel Bitcoin tollbooth

Published

on

Iran strikes Gulf energy network as oil surges past $110

Iran will charge tankers $1 per barrel in bitcoin to cross the Strait of Hormuz during a two‑week US ceasefire, adding a crypto tax to the world’s key oil chokepoint.

Iran will force every oil tanker transiting the Strait of Hormuz during the new two-week ceasefire with the US to pay a $1-per-barrel toll in cryptocurrency, turning the world’s most sensitive oil chokepoint into a de facto bitcoin paywall. According to the Financial Times, Tehran will demand that shipping companies settle the fee in digital assets, primarily bitcoin, as it seeks hard-to-trace revenues while sanctions bite. Hamid Hosseini, spokesperson for Iran’s Oil, Gas and Petrochemical Products Exporters’ Union, said the system is designed to slow traffic on Iran’s terms and tighten control over what moves through the corridor.

Under the scheme, tankers must first email Iranian authorities with detailed cargo manifests before entering the strait. Hosseini told the Financial Times that once the email is received and Tehran completes its assessment, “vessels are given a few seconds to pay in bitcoin, ensuring they can’t be traced or confiscated due to sanctions.” He added that “everything can pass through, but the procedure will take time for each vessel, and Iran is not in a rush,” underscoring that the stated aim is to prevent weapons shipments during the pause in fighting. With typical crude cargoes ranging from 500,000 to 2 million barrels, a single transit could mean crypto payments of $500,000 to $2,000,000 per voyage.

Advertisement

Ceasefire, crypto and a global oil lifeline

The toll comes as Washington and Tehran test a fragile truce that hinges on a partial reopening of the Strait of Hormuz, which before the war carried roughly a fifth of the world’s seaborne oil. A senior Iranian official told Reuters that Iran could reopen the strait “limited, under Iran’s control” as early as Thursday or Friday, ahead of talks with US officials in Pakistan. Oil markets have already reacted: Brent futures slid about 13% to roughly $94.76 per barrel and US benchmark WTI dropped more than 15% to around $95.79 after President Donald Trump agreed to the two-week ceasefire, conditional on the “immediate and safe” reopening of the strait.

In Washington, Trump has floated turning the tolls themselves into a joint business model. “We’re thinking of doing it as a joint venture,” he told ABC News’s Jonathan Karl, calling it “a way of securing it — also securing it from lots of other people. It’s a beautiful thing.” That suggestion follows earlier musings that the US could impose its own tolling regime on ships using the strait, effectively monetizing a corridor where even a $1-per-barrel surcharge is a small fraction of crude trading in the mid-$90s but represents a new geopolitical tax on a market still reeling from weeks of war-driven price spikes.

Source link

Advertisement
Continue Reading

Crypto World

Standard Chartered Mulls Restructuring of Zodia Crypto Custodian: Report

Published

on

Standard Chartered Mulls Restructuring of Zodia Crypto Custodian: Report

Standard Chartered is reportedly weighing a restructuring of its majority-owned crypto custodian Zodia Custody, as large banks look to bring more digital asset infrastructure inside their core banking operations.

The United Kingdom-based lender plans to fold Zodia’s crypto custody business into a division inside its corporate and investment bank that already offers similar services, while keeping Zodia operating as a standalone Software-as-a-Service (SaaS) platform for digital asset custody, according to Bloomberg on Wednesday, citing people familiar with the matter. An announcement on the restructuring could reportedly come as soon as this month.

It is not yet clear whether Standard Chartered has opened negotiations with Zodia’s minority shareholders, which include Northern Trust, Emirates NBD, National Australia Bank and SBI Holdings.

Standard Chartered has rapidly expanded its own digital asset footprint, reportedly exploring the launch of a crypto prime brokerage platform through its venture arm, SC Ventures, and rolling out institutional crypto trading in summer 2025.

Advertisement

Related: Standard Chartered says faster stablecoin turnover could curb demand

The bank was an early mover into digital assets, setting up Zodia in 2020 with Northern Trust, and the custodian has since raised external capital and grown across seven offices in Europe, Asia and the Middle East.

Zodia Custody Services. Source: Zodia Custody

Cointelegraph reached out to Standard Chartered and Zodia, but had not received a response by publication.

How other big banks are internalizing crypto custody

Standard Chartered’s reported rethink comes as other global banks take digital asset custody directly under regulated banking entities. In February, Morgan Stanley applied for a US de novo national trust bank charter, which would allow it to custody certain digital assets and execute purchases, sales, swaps, transfers and staking services for clients within a bank-regulated framework.

In October 2022, BNY Mellon launched a Digital Asset Custody platform in the US that lets selected clients hold and transfer Bitcoin (BTC) and Ether (ETH) alongside traditional assets on a single platform, positioning the bank as a core provider of both conventional and tokenized asset servicing.

Advertisement

Magazine: Bitcoin’s ‘biggest bull catalyst’ would be Saylor’s liquidation — Santiment founder