Zcash has fallen back toward the $1,400 area after losing $1,500 support, putting its strong September rally under fresh selling pressure. Summary Zcash trades near $1,400 after losing $1,500
Zcash has fallen back toward the $1,400 area after losing $1,500 support, putting its strong September rally under fresh selling pressure.
SummaryCoinGecko shows ZEC trading near $1,412 at the time of research, down 0.4% over 24 hours and 12% across seven days. The token traded between roughly $1,360 and $1,488 during the latest 24-hour period, with market capitalization near $24 billion and trading volume around $1.31 billion.
The pullback comes after ZEC repeatedly traded above $1,500 during September and reached a seven-day high close to $1,688. CoinGecko data still showed the privacy coin up about 70% over 30 days despite the latest decline, leaving the current move within a much larger monthly advance.
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On the daily chart, ZEC has slipped slightly below its 20-day middle Bollinger Band near $1,410.33. The upper band sits around $1,772.26, while the lower band is close to $1,048.41. Trading below the middle band points to weaker short-term momentum following the climb through September.
A recovery above roughly $1,410 would put ZEC back over that middle Bollinger reference. The next hurdle remains $1,500, which recently acted as support before sellers pushed the token lower. Above that level, the 1,600-1,700 area remains the main resistance zone seen during the latest advance.
Momentum has cooled at the same time. The 14-day Relative Strength Index stands near 53.41, down sharply from the overbought readings reached during the September rally. Its RSI moving average remains higher at around 65.60.
Zcash (ZEC) price chart, source: TradingView
An RSI reading above 50 does not place ZEC in oversold territory. The indicator instead sits close to neutral while showing less buying strength than earlier in the month. Price action around 1,390-1,410 therefore remains the first technical area to watch before lower support comes into focus.
Crypto analyst Alpha Crypto Signal wrote that ZEC is approaching an area where a potential long setup could form if the pullback continues.
The analyst identified 1,170-1,210 as the key lower horizontal support zone and said any long position would depend on bullish price confirmation after ZEC reaches that range. The analyst described the area as a “potential long interest zone” but did not claim that the price would necessarily fall there or rebound from it.
Chart Request: #ZEC$ZEC is approaching a potential long interest zone after the recent pullback. The lower horizontal support around $1,170–$1,210 is the key area I’m watching for a reaction.If $ZEC reaches this zone and shows bullish confirmation, I’ll be looking for a long… pic.twitter.com/5noAqJm7r5
— Alpha Crypto Signal (@alphacryptosign) September 29, 2026
The $1,170 area has appeared in earlier ZEC market structure as well. During Zcash’s earlier breakout above $1,300, crypto.news reported that liquidity remained concentrated below roughly $1,170 while ZEC climbed more than 20% in a single session on Sept. 16.
For the current setup, losing $1,400 would leave the recent intraday floor around $1,360 as the next visible price reference. A deeper decline toward the analyst’s 1,170-1,210 zone would represent a much larger retracement from September’s highs. A sustained recovery above $1,500 would instead return price to the level lost during the latest sell-off.
Zcash entered September with strong momentum following the launch of the first U.S.-listed spot Zcash ETF. ZEC crossed $1,000 in early September after Grayscale converted its long-running Zcash Trust into the ZCSH spot ETF on NYSE Arca in August.
The rally continued through the middle of the month. Crypto.news reported ZEC trading near $1,337 on Sept. 16 after a 20.46% daily gain, with the token reaching an intraday high around $1,385. Technical resistance at the time was concentrated around $1,375 and $1,500.
ZEC later cleared both levels and traded above $1,600 before reversing. Recent derivatives data have pointed to traders cutting leverage during the retreat. One Sept. 28 snapshot of OKX perpetual futures recorded dollar open interest falling from $190.69 million to $164.95 million over 24 hours as ZEC declined. The figures describe reduced outstanding exposure on that venue and do not establish which side initiated the selling.
On-chain activity has meanwhile shown a large wallet moving ZEC away from centralized exchanges during the pullback. Onchain Lens reported that the wallet withdrew 2,640 ZEC, worth roughly $3.72 million at the time, from Binance around two hours before its post.
ZEC WHALE ACCUMULATES $20M IN A MONTHA whale withdrew another 2.64K $ZEC (~$3.72M) from Binance two hours ago.Over the past month, the wallet has accumulated 14.19K $ZEC (~$20M) from Binance and Gate. pic.twitter.com/SUeKci0uYb
— Onchain Lens (@OnchainLens) September 30, 2026
Over the past month, the same wallet accumulated 14,190 ZEC, valued near $20 million, through withdrawals from Binance and Gate, according to the tracker. Exchange withdrawals alone do not establish whether the holder intends to keep, transfer or later sell the tokens.
Tyler Winklevoss has meanwhile compared current interest in Zcash with an earlier period in the crypto market. The Gemini co-founder wrote that Zcash “feels like crypto in 2019,” referring to renewed attention around the privacy-focused asset. His comment represents his view of market sentiment and does not provide a ZEC price target.
— Tyler Winklevoss (@tyler) September 29, 2026
Away from price action, Gemini said on Sept. 29 that its Zcash infrastructure now runs on Zakura, an open-source full node written in Rust. The exchange made the change before NU7, Zcash’s next planned network upgrade.
Gemini said Zakura reached the chain tip in a little over six hours during its deployments, compared with close to one day for Zebra. The exchange said customer deposits and withdrawals will continue working as before because the infrastructure change takes place behind the scenes.
NU7 is set to reduce Zcash’s block target spacing from 75 seconds to 25 seconds. The protocol specification describes a threefold reduction in block spacing, while the Zcash Foundation said the upgrade is tentatively scheduled for Nov. 5.
Before NU7, the Zcash Foundation released Zebra 6.4.2 on Sept. 25 to fix a high-severity vulnerability in versions 6.4.0 and 6.4.1 that could let a peer remotely crash a node. The Foundation said the flaw affected node availability but had no consensus or funds impact, and advised operators of the recalled versions to upgrade to 6.4.2.
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