{"id":439196,"date":"2026-10-01T17:45:27","date_gmt":"2026-10-01T10:45:27","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/zcash-at-risk-of-breakdown-as-price-tests-key-trendline-amid-macro-and-geopolitical-headwinds-439196\/"},"modified":"2026-10-01T17:45:27","modified_gmt":"2026-10-01T10:45:27","slug":"zcash-at-risk-of-breakdown-as-price-tests-key-trendline-amid-macro-and-geopolitical-headwinds","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/zcash-at-risk-of-breakdown-as-price-tests-key-trendline-amid-macro-and-geopolitical-headwinds-439196\/","title":{"rendered":"Zcash at risk of breakdown as price tests key trendline amid macro and geopolitical headwinds"},"content":{"rendered":"
\n

FUNDAMENTAL OVERVIEW<\/p>\n

\u00a0<\/p>\n

\u00a0<\/p>\n

The idiosyncratic catalysts pushing up Zcash have been exhausted and the
\n cryptocurrency is now at the mercy of macro and geopolitical developments. The
\n focus is mainly on the Middle East situation.<\/p>\n

The US
\n and Iran remain engaged in negotiations over Iran\u2019s recent proposal to reopen
\n the Strait of Hormuz. The disagreement reportedly now centres more on the
\n sequencing of the steps rather than the substance of the proposal.<\/p>\n

Iran\u2019s
\n government spokesperson said yesterday that Foreign Minister Araghchi had
\n presented a \u201cUS proposal\u201d to the cabinet, although no further details were
\n provided. Traders will therefore continue to closely monitor the headlines for
\n any signs of progress.<\/p>\n

Fed\u2019s
\n Williams provided some support to the crypto market recently, saying that he
\n saw no urgency to move again after the September hike and that one additional
\n hike would likely be enough if the economy develops as expected. His comments
\n triggered a dovish repricing, with the odds of an October rate hike falling
\n from 70% to 45%.<\/p>\n

The
\n softer than expected US Core PCE data also pushed October hike expectations
\n lower. However, it is worth keeping in mind that much of the downside surprise
\n was driven by the BEA\u2019s annual methodological update and revisions. The agency
\n changed the way some prices are constructed, and economists had warned
\n beforehand that these changes could materially lower reported core PCE. As a
\n result, the report was not a game changer for the inflation outlook.<\/p>\n

Looking
\n ahead, US-Iran developments will likely remain the main focus. A breakthrough
\n in negotiations would be positive for Zcash, as it would trigger a further
\n unwinding of aggressive Fed rate hike expectations. Conversely, a prolonged
\n stalemate or a deterioration in the situation could continue to weigh on risk
\n sentiment and keep a lid on the broader crypto market.<\/p>\n

\u00a0<\/p>\n

\u00a0<\/p>\n

ZCASH TECHNICAL ANALYSIS \u2013 DAILY TIMEFRAME<\/p>\n<\/p>\n

On the
\n daily chart, we can see that Zcash<\/a>is testing the major upward trendline
\n again. We can expect the buyers to step in around the trendline, with a defined
\n risk below it, to position for a rally into the 2,000 level. The sellers, on
\n the other hand, will want to see the price breaking lower to pile in for a drop
\n into the 1,031 level next.<\/p>\n

ZCASH TECHNICAL ANALYSIS \u2013 4 HOUR TIMEFRAME<\/p>\n<\/p>\n

On the 4
\n hour chart, we might have formed a tight range between the 1,360 support and 1,490
\n resistance. The market participants will continue to play the range by buying
\n at support and selling at resistance until we get a breakout on either side.<\/p>\n

ZCASH TECHNICAL ANALYSIS \u2013 1 HOUR TIMEFRAME<\/p>\n<\/p>\n

On the 1
\n hour chart, we have a downward trendline defining the recent pullback into the
\n major upward trendline. If we get a bounce, the sellers will likely lean on the
\n downward trendline, with a defined risk above it, to keep targeting a break
\n below the major upward trendline. The buyers, on the other hand, will look for
\n a break higher to increase the bullish bets into new highs, targeting a break
\n above the resistance.<\/p>\n

UPCOMING CATALYSTS<\/p>\n

Today<\/a>we get the US ISM Manufacturing PMI and the latest US
\n Jobless Claims figures. Tomorrow, we conclude the week with the US NFP report.
\n The focus, though, will remain on US-Iran developments.<\/p>\n

\u00a0<\/p>\n

This article was written by Giuseppe Dellamotta at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

FUNDAMENTAL OVERVIEW \u00a0 \u00a0 The idiosyncratic catalysts pushing up Zcash have been exhausted and the cryptocurrency is now at the mercy of macro and geopolitical developments. The focus is mainly on the…<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-439196","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439196","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=439196"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439196\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=439196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=439196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=439196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}