Crypto Markets Under Pressure: Bittensor and Zcash Show Significant Corrections

Bittensor Struggles with Downward Pressure

The price of blockchain project Bittensor (TAO) has experienced a significant correction over the past 24 hours. The current closing price stands at 284.70 US dollars, significantly below the previous day's close of 307.40 USD ^[1]. Within the last four trading hours, the price moved within a range between 292.50 dollars (high) and 283.30 dollars (low) ^[1].

Bittensor's market capitalization currently stands at approximately 2.7 billion US dollars ^[1]. Technical indicators point to a phase of uncertainty: the Relative Strength Index (RSI) sits at approximately 46.50, signaling neither an overbought nor a pronounced oversold situation ^[1].

Technical Analysis Shows Critical Levels

The Bollinger Bands width of approximately 47.35 US dollars indicates moderate volatility, while the market is in a consolidating phase ^[1]. Analysts have identified key support levels at 280.63 USD and 270.00 USD as well as relevant resistance at 289.05 USD and 304.60 USD ^[1].

The short-term forecast for TAO is classified as neutral to slightly bearish ^[1]. A sustained breakout above 289.05 USD with rising trading volume could turn the momentum and enable price targets between 304 and 320 dollars. Should the price fall below 270.00 USD, experts anticipate an acceleration downward toward 250 to 265 dollars ^[1].

Zcash Under Considerable Selling Pressure

The privacy coin Zcash (ZEC) is also under pressure. The current price stands at 349 US dollars, representing a decline of 35.22 percent over the last seven days ^[2]. Over a 30-day period, losses amount to even 51.90 percent from the recent peak ^[2].

Nevertheless, the cryptocurrency shows certain signs of resilience with a market capitalization of 5.8 billion dollars: compared to the lowest price in the last 30 days, ZEC has gained 15.05 percent ^[2]. The 24-hour trading volume stands at 1.17 billion dollars with a circulating supply of 16 million ZEC ^[2].

Technical Perspective for Zcash

The ZEC/USD price currently moves significantly below its peak of 744 dollars and exhibits a sequence of lower highs and lows ^[2]. Important resistance levels are considered to be at 400, 470, and 550 dollars, while support levels lie at 320, 280, and 240 dollars ^[2].

The RSI for the ZEC/BTC pair stands at 38.71 and reflects sustained downward pressure ^[2]. Should the pair fail to return above levels of 0.0042000 or higher, it remains vulnerable to further declines ^[2].

Fundamental Developments at Zcash

Despite current price weakness, Zcash is working on technological improvements. The Sapling network upgrade in October 2025 has drastically reduced costs for shielded transactions ^[2]. Additionally, Ztarknet, a Layer-2 solution inspired by Starknet, aims to scale transaction speed to over 1,000 TPS without compromising privacy ^[2]. The shielded pool currently represents 29 percent of ZEC supply ^[2].