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Zcash drops 31% in three weeks, key $1,041 support critical for bulls to maintain uptrend

Technical Signals
17 Oct 2026
AMBCrypto
View Source
Bearish
Zcash drops 31% in three weeks, key $1,041 support critical for bulls to maintain uptrend

Zcash (ZEC) has experienced significant volatility, falling 31.1% from $1,698 to $1,168 in three weeks. The crucial support level at $1,041 is vital for maintaining a bullish trend. If ZEC stays above this level, a consolidation phase above $1,000 with reduced volatility could stabilize prices. However, further Bitcoin corrections or negative sentiment could push ZEC lower, potentially towards $750-$800 if it closes below $1,041 on the daily chart. The recent price dip without strong bullish response signals caution for investors.

Zcash (ZEC) holds a market cap of Rp7,04 trillion on Pluang as of Oct 18, 2026, 07:21 WIB, with a 24-hour trading volume of Rp787,62 million. The circulating supply stands at 16.3 million ZEC, representing 78% of the total supply. Despite recent volatility noted in the article, ZEC's price on Pluang is Rp20.128.192, down 2.29% in the last day as of the same timestamp.

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