ZEC: Critical Bug Triggers Sharp Decline

ZEC plunged after a critical bug surfaced this week, testing trader resolve amid the volatility. The weekly chart keeps the broader uptrend intact above the $188 support level marked by successive lows, echoing the breakout that launched gains last year.

Price currently sits at $356.96 inside Bollinger Bands with upper resistance at $650.85 and lower support at $217.81. The bearish trend structure defined by EMA50 at $485.5 and EMA200 at $505.25 aligns with MACD at -54.03 in death cross formation, while RSI at 34.78 remains neutral. This confluence points to near-term pressure toward the 50-EMA before any sustained recovery attempt in ZEC price prediction scenarios tied to the Zcash critical bug fallout.