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Zcash price drops 3.78% amid reduced derivatives exposure and volatile trading.

Technical Signals
23 Oct 2026
Crypto news
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Bearish
Zcash price drops 3.78% amid reduced derivatives exposure and volatile trading.

Zcash (ZEC) price fell 3.78% to around $1,225 on October 23 as traders reduced their derivatives exposure following a recent recovery. Futures open interest dropped 12.45% to $2.37 billion, signaling a decline in leveraged positions. Technical resistance is noted near $1,234 and $1,250, with support around $1,200. Analysts suggest a potential recovery toward $1,350 if key support levels hold. The upcoming NU7 network upgrade in early November remains a key catalyst but its market impact is uncertain. Overall, the price decline reflects profit-taking and cautious trading amid volatile market conditions.

Following the recent drop in Zcash price and open interest, on Pluang ZEC trades at Rp22.171.868 with a 1-day change of -2.72% as of Oct 23, 2026 13:41 WIB. The market cap stands at Rp7,04 trillion, and 24-hour trading volume is Rp787,62 million, indicating active but cautious participation. Typical hold time for ZEC on Pluang is 107 days, reflecting moderate investor commitment amid current volatility.

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