Zcash price fell to the $190 support level. Macro headwinds also caused Bitcoin to fall below $105,000, causing further hemorrhaging across cryptocurrencies. Analysts remain bullish despite the drop.
Zcash (ZEC) fell by double digits to a low of $190, reflecting broader market anxiety.
Driven by macroeconomic pressures, most coins plummeted to significant levels, including Bitcoin, which retested the $105,500 area.
Crypto pullback and Zcash price today
Zcash, a privacy-focused cryptocurrency launched in 2016, plunged on Friday.
The token fell to support near $190 as total market liquidations exceeded $1 billion and the broader crypto market retracement continued.
ZEC, one of the stocks that has outperformed in recent weeks, has fallen below the key support level at $200.
Furthermore, as prices fall, trading volume increases, increasing profit-taking.
The privacy-focused coin’s daily trading volume rose 26% to more than $742 million, according to CoinMarketCap.
Meanwhile, prices have fallen nearly 20% over the same period.
Zcash has gained 260% over the past month, outperforming nearly all of the top 100 cryptocurrencies by market capitalization.
The overall market decline reflects broader macroeconomic factors, including renewed U.S.-China trade tensions and the ongoing U.S. government shutdown.
Investors who recently entered Zcash appear to be locking in profits following a strong rally driven by optimism surrounding Zcash’s zero-knowledge proof technology.
Institutional investor interest in Zcash has increased significantly in recent weeks.
Grayscale’s Zcash Trust is the main driver, with over $92 million in assets under management, a sign of increased adoption.
The trust allows traditional investors to gain exposure to ZEC, one of the leading privacy coins, without the operational complexity of holding assets directly.
ZEC price prediction
The overall market fell sharply as investors, frightened by the latest news from regional US banks, exited their positions.
Specifically, Friday’s report revealed that two regional banks in the United States are bankrupt due to non-performing loans.
Concerns over risks in the banking sector caused a sharp decline in bank stocks that spilled over into futures trading on Wall Street.
The decline in the S&P 500 and Nasdaq also caused a sharp decline in cryptocurrencies.
However, the fall in Bitcoin could allow some capital turnover to recover ZEC prices, one analyst noted on X.
The correlation between the adoption of shielded transactions gives this strength.
Bitcoin has fallen by $500 billion.
Zcash dropped $1.6 billion.
As shielded Zcash emerges as encrypted Bitcoin, what are the chances that some of the $500 billion lost in Bitcoin will return to $ZEC? $ZEC What will happen next? pic.twitter.com/5ijKj430c7
— Michelangelo.zec ⓩ🛡️ (@BTCTurtle) October 17, 2025
Market analysts are pointing to an overbought situation in the short term.
If we look at the Relative Strength Index (RSI), we can see that it has fallen into oversold territory, which means a reversal is possible.
Overall, the $190 mark indicates a major demand zone, while the $240 mark represents a significant hurdle.
ZEC price reached a high of $295 earlier this month.
