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Zcash drops 22% from September peak, testing key $1,250 support amid mixed signals and Bitcoin's influence.

Technical Signals
07 Oct 2026
The Currency Analytics
View Source
Bearish
Zcash drops 22% from September peak, testing key $1,250 support amid mixed signals and Bitcoin's influence.

Zcash has fallen 22% from its September high above $1,600 to around $1,320, now approaching critical support between $1,250 and $1,270. Technical indicators show mixed signals, with short-term weakness below the 20-day moving average but longer-term support above the 50-day average. Analysts highlight Bitcoin's price movements as a key factor: a Bitcoin rally could boost Zcash back toward $1,420-$1,500, while a Bitcoin decline might push it down to $1,100-$1,200. Institutional interest remains strong, with Grayscale's Zcash product holding over $500 million in assets, but short-term price pressure continues as traders watch liquidation zones closely.

As of Oct 08, 2026 07:21 WIB, Zcash (ZEC) trades on Pluang at Rp23.718.493, down 2.82% in the last day. The market cap stands at Rp7,04 trillion with a 24-hour trading volume of Rp787,62 million, reflecting active interest despite recent price pressure. Typical holding time on Pluang is 107 days, indicating moderate investor patience amid the current volatility.

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