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Zcash rejects $520 resistance, risks dropping to $425 amid weak market and Fed rate hikes.

Market News
06 Aug 2026
FXEmpire
View Source
Bearish
Zcash rejects $520 resistance, risks dropping to $425 amid weak market and Fed rate hikes.

Zcash (ZEC) recently failed to break above the $520 resistance level and dropped 4% in 24 hours, with potential to fall further to its 200-day EMA at $425. Market conditions remain bearish due to expected Federal Reserve interest rate hikes and geopolitical tensions, which dampen investor sentiment and trading volumes. The launch of the Ironwood pool, which replaces the Orchard pool with enhanced security, may limit downside risks by restoring confidence. However, unless market sentiment improves, ZEC is unlikely to surpass $500 soon and may continue its downward trend.

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