Zcash rebounds to $1,231, faces major resistance at $1,288

Zcash (ZEC) climbed to $1,231 on October 16, 2026, after rebounding from support near $1,077. Market participants are closely monitoring whether ZEC can extend this rally toward the $1,288 level or if renewed selling will drive the price back to lower supports. ZEC’s recent uptick followed a sharp correction of roughly 34% from highs near $1,700. Despite this pullback, the token remains well above its 200-day moving average, which is positioned near $669 as of October 16. The recovery places Zcash in a critical position between immediate resistance and nearby support levels. Technical specialist Eric Van Tassel pinpointed the $1,200–$1,288 range as a significant rebound zone on the hourly Coinbase chart, using Fibonacci retracement and trendline analysis.

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