$ZEC Trapped in Tight Range as Bears Hold Short-Term Momentum

Zcash's ($ZEC) price has been stuck in a tight range between $494.59 and $510.36, as it trades below its 20-day exponential moving average (EMA) but above its 50-day EMA.

The daily chart shows a neutral regime, but the positioning of these two key moving averages reveals mounting tension rather than calm. The longer-term 200-day EMA at $409.08 remains well below price, confirming the broader macro trend is still constructive.

Intraday momentum and market sentiment are bearish, with the Fear & Greed Index at 28 placing the market firmly in defensive territory. A break below $491.60 on the 1-hour chart would open the path toward daily S1 at $483.05.