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Zcash may drop 40% to $680 amid bearish pattern before key Oct. 20 upgrade decision

Technical Signals
19 Oct 2026
FXEmpire
View Source
Bearish
Zcash may drop 40% to $680 amid bearish pattern before key Oct. 20 upgrade decision

Zcash (ZEC) is showing a bearish chart pattern that could lead to a 40% price drop to around $680 from its current $1,140 level. This decline follows a peak near $1,600 in late September and a recent downtrend below key moving averages. The critical decision on the NU7 network upgrade, scheduled for October 20, aims to speed up transactions and improve network sustainability but its impact on price is uncertain. A confirmed breakdown below $1,140 would strengthen the bearish outlook, while reclaiming key moving averages could trigger a recovery toward $1,300.

As of Oct 19, 2026 20:24 WIB, Zcash (ZEC) trades at Rp20.644.853 on Pluang, showing a positive 1-day change of 2.96%. The platform records a market cap of Rp7,04 trillion and a 24-hour trading volume of Rp787,62 million. Despite the article's bearish outlook on ZEC's price, the coin currently holds steady with a typical hold time of 107 days among investors on Pluang.

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