The price of Zcash has plummeted to the support level of $190 amid a broader market retreat for cryptocurrencies, which has also seen Bitcoin fall below $105,000. Despite these declines, analysts maintain a cautiously optimistic outlook.
Market Retreat and Current Zcash Pricing
Launched in 2016, Zcash has experienced significant downturns, with the cryptocurrency dropping to around $190 on Friday. This decline coincides with a larger retrenchment across the crypto market, with total market liquidations exceeding $1 billion.
The ZEC token, which had been one of the top performers in recent weeks, fell below the critical support level of $200. Alongside these price drops, there was a notable increase in transaction volumes, signaling profit-taking activity.
According to CoinMarketCap, daily transaction volumes for the privacy-focused coin surged by 26%, exceeding $742 million, even as its price fell nearly 20% during this period.
In the past month, Zcash has seen an impressive increase of 260%, outperforming nearly all of the top 100 cryptocurrencies by market capitalization. However, the current market pullback reflects broader macroeconomic concerns, including renewed tensions in the US-China trade dispute and ongoing issues surrounding the US government shutdown.
Many recent investors in Zcash appear to be cashing in on their profits following a strong rally fueled by optimism regarding its zero-knowledge proof technology. Notably, institutional interest in Zcash has risen in recent weeks, with the Zcash Trust by Grayscale managing over $92 million in assets, highlighting growing adoption. This trust allows traditional investors to gain exposure to ZEC without the complexities of holding the asset directly.
ZEC Price Forecast
Recent market declines have been driven by investor fear following concerning reports from several regional US banks regarding non-performing loans. This anxiety around banking sector risks led to a sharp drop in bank stocks within futures trading on Wall Street.
The fall in Bitcoin prices may create an opportunity for capital rotation that could potentially invigorate ZEC prices, according to an analyst on social media. The correlation between adoption of privacy-centric transactions may provide resilience in such shifting market conditions.
Bitcoin dropped $500B.
Zcash dropped $1.6B.
What are the chances a slice of that $500B lost in Bitcoin rotates back into $ZEC, as shielded Zcash emerges as Encrypted Bitcoin?$ZEC what’s next? pic.twitter.com/5ijKj430c7— Michelangelo.zec ⓩ🛡️ (@BTCTurtle) October 17, 2025
Market analysts currently observe short-term overbought conditions. Insights from the Relative Strength Index (RSI) indicate a potential reversal as Zcash reaches a critical demand area at $190, with a significant resistance level at $240. Earlier this month, ZEC prices peaked at $295, showcasing the volatility inherent in the cryptocurrency markets.
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