Zcash (ZEC) Price: Down 30% in a Month – Is the Correction Nearly Over?

TLDR ZEC recovered above $1,100 after a daily low near $1,050, trading at $1,135.48 per CoinGecko on Oct. 19. Grayscale’s Zcash ETF recorded $19.15 million in weekly outflows, its third straight week of withdrawals. Futures open interest fell to $2.36 billion from $3.29 billion last month, according to CoinGlass. Shielded ZEC balances rose 1% over 28 days to 4.96 million ZEC. Resistance sits between $1,184 and $1,240, with support near $1,050 and $1,000. Zcash has recovered above $1,100 after dipping below that level during the past 24 hours. CoinGecko data from Oct. 19 put ZEC at $1,135.48, up 3.8% over the day but down 10% over seven days. The privacy coin ranks tenth by market capitalization at $19.29 billion. Daily spot trading volume was $1.005 billion.

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