One trader warns that ZEC could fall toward a historical level at $597. Could it? The chart marks no support that low, and the nearest one is $1,060.09, though price just slipped under $1,187
One trader warns that ZEC could fall toward a historical level at $597. Could it? The chart marks no support that low, and the nearest one is $1,060.09, though price just slipped under $1,187.48. Meanwhile, a Zcash exchange-traded product and new Polkadot trading access are in the news.
This Zcash price prediction weighs all three against the liquidation data and the daily chart.
Market data checked on October 24, 2026, at 09:46 IST.
Metric
Value
Price (TradingView daily chart)
$1,169.76
Daily Candle Change
-4%
Candle Open
$1,181.28
Candle Range
$1,161.67 – $1,184.01
The Zcash price today is down 4% to $1,169.76 in 24h, underperforming a slightly negative broader market, primarily driven by a market-wide risk-off sentiment spilling over from traditional tech stocks and Bitcoin ETF outflows.
Primary reason: Broader crypto market sell-off triggered by large Bitcoin ETF withdrawals and a tech stock slump, with ZEC's decline amplified by high derivative short positioning.
Secondary reasons: Technical breakdown below key moving averages and a 25.5% drop in trading volume, indicating weak buying interest.
Near-term market outlook: If ZEC holds above $1,060 support, it could stabilize; a break below risks a drop toward $900. Watch for broader market sentiment and the upcoming NU7 upgrade on November 5.
ZEC broke down from a long uptrend channel and is now trapped in a descending channel, a pair of falling trend lines.
It projects a fall toward $597, about 49% below today's price. This is one trader's opinion.
Source: Data From X
CoinGabbar's daily chart shows price already above the falling channel's upper line, so the two reads differ.
The @ZcashETF account posted that ZCSH, linked to the Grayscale Zcash Trust launched in 2017, is uplisted in 2026 as an exchange-traded product. An exchange-traded product trades on a stock exchange like a share.
The post gives no date or exchange, so CoinGabbar could not verify the details.
A news post on X, account not shown, says Hydration (@Hydration_net), a Polkadot decentralized exchange (DEX), has launched ZEC swaps. A DEX lets users trade tokens straight from their wallets.
The post adds that ZEC lending and borrowing markets could start as early as Monday. CoinGabbar could not verify the launch or the date.
A liquidation happens when an exchange force-closes a leveraged trade because the trader can no longer cover losses. Longs bet on a rise, and shorts bet on a fall. Coinglass shows:
Window
Total Liquidated
Long
Short
12h
$12.30M
$10.58M
$1.73M
24h
$15.64M
$12.62M
$3.01M
Source: Data From CoinGlass
Longs took about 81% of the $15.64M liquidated over 24 hours and about 86% of the 12-hour total.
Coinglass futures volume leads with Binance at $1.76B, MEXC at $1.70B and OKX at $943.50M. The screenshot gives no time window.
$ZEC broke above a falling channel earlier this week and ran to $1,312.12. It has since pulled back.
Today's candle opened at $1,181.28, already under $1,187.48, ranged from $1,161.67 to $1,184.01, and the Zcash price is trading at $1,169.76.
A retest is a pullback toward a broken line, and this one is not holding the old support.
An EMA, or exponential moving average, is a trend line that weights recent prices more heavily. The 200 EMA $803.29 tracks the long-term trend, and the price is still above it.
Type
Level
Highest marked level
$2,000.00
Resistance 3
$1,652.69
Resistance 2
$1,312.12
Resistance 1
$1,187.48
Immediate support
$1,060.09
Deeper support
$902.77
Bull case: A daily close back above $1,187.48 would reopen $1,312.12, and a close over that would put $1,652.69 in view.
Bear case: If $ZEC closes below $1,060.09, the pullback would deepen toward $902.77, still well above the $597 level in the post.
Scenario
Trigger
Likely Outcome
Invalidation
Bull
Close above $1,187.48, then $1,312.12
Move toward $1,652.69
Close below $1,060.09
Base
Range of $1,060.09 to $1,187.48
Sideways under old support
Break of either level
Bear
Close below $1,060.09
Slide toward $902.77
Close back above $1,060.09
It would take a gain of about 71% from $1,169.76. Any Zcash prediction toward that level needs more than headlines, since $ZEC must reclaim $1,187.48, then clear $1,312.12 and $1,652.69 in order. Neither news item guarantees that path.
The setup is cautious while the price is under $1,187.48, so watch whether ZEC holds $1,060.09 on the next pullback.
This article is for informational purposes only and isn't financial advice. Crypto markets are volatile. Always do your own research before making any trading decisions involving ZEC.
