Zcash (ZEC) has entered a correction phase after reaching $1,701 in late September, with its price breaking below a key trendline support. A whale recently bought 1,000 ZEC worth $1.33 million and moved it to a privacy-focused shielded pool, indicating strong investor interest despite the bearish market structure. The altcoin shows signs of a distribution phase, supported by overheating trading volumes and significant outflows from the Grayscale Spot ZEC ETF. If the $1,000 demand zone fails to hold, ZEC could drop further to $820 or even $478. This suggests caution for investors as selling pressure mounts despite some ongoing accumulation.
While Zcash faces a correction phase with prices down 8.58% in one day, trading at Rp21.668.254 as of Oct 08, 2026 21:17 WIB on Pluang, its market cap stands at Rp7,04 trillion. This price is well below its recent peak but still reflects significant investor interest given the 78% circulating supply. The 24-hour trading volume of Rp787,62 million suggests active trading despite the downward pressure, contrasting with the article's note of potential further declines if key support fails.
On October 8, Zcash (ZEC) experienced $10.88 million in liquidations of long positions within one hour as its price fell by 1.96% from $1,169 to $1,146. Total liquidations during this period reached $11.64 million, with short positions accounting for...
Zcash (ZEC) fell sharply to $1,115 on October 8, losing all gains made since mid-September and triggering $38 million in leveraged long liquidations. Despite the drop, ZEC remains up over 120% year-to-date, supported by renewed investor interest and ...
Zcash (ZEC) experienced a sharp decline of 5.28% within one hour, falling from $1,212 to $1,148 on October 8. This drop extended its 24-hour loss to 13.48%, primarily on Binance's spot ZEC/USDT market. During the same hour, long liquidations across B...
Zcash (ZEC) experienced a sharp price decline of 2.24% within one hour, falling to $1,185 on Binance's spot market, extending its 24-hour loss to 9.88%. The price dropped from $1,212 to $1,185, with long liquidations totaling $760,000 across Binance,...
Zcash (ZEC) surged from $478 in mid-August to $1,701 in late September before entering a correction phase due to weakening technical indicators and uncertain exchange-traded fund (ETF) flows. Technical analysis shows ZEC fell below a key trendline an...
