- Zcash price fell to the $190 support level.
- Macro headwinds also pushed Bitcoin below $105,000, triggering broader crypto losses.
- Analysts remain bullish despite the pullback.
Zcash (ZEC) dropped to a low of $190, a double-digit decline that reflects broad market anxiety.
Spurred by macroeconomic pressure, most coins plunged to key levels, including Bitcoin, which tested the $105,500 area.
Crypto pullback and Zcash price today
Zcash, a privacy-focused cryptocurrency launched in 2016, experienced a sharp decline on Friday.
The token slid to support near $190 as a wider crypto market shift produced over $1 billion in liquidations.
ZEC, which had been among the stronger performers in recent weeks, fell below the key $200 support level.
The price drop was accompanied by rising trading volume, indicating profit-taking activity.
According to CoinMarketCap, daily trading volume for the privacy coin surged 26% to over $742 million.
Over the same period, the price fell nearly 20%.
Price chartZcash by CoinMarketCap
Zcash had surged about 260% over the past month, outperforming nearly all of the top 100 cryptocurrencies by market capitalization.
The broader market pullback reflects wider macroeconomic factors, including renewed tensions in the US–China trade dispute and ongoing US government funding concerns.
Recent Zcash investors appear to be taking profits after a strong rally driven by confidence in zero-knowledge proof technology.
Institutional interest in Zcash has notably increased in recent weeks.
The Grayscale Zcash Trust has been a major driver, with assets under management surpassing $92 million — a sign of growing institutional acceptance.
The trust provides traditional investors with exposure to ZEC, one of the leading privacy coins, without the operational burden of holding the asset directly.
ZEC price outlook
The market-wide sell-off accelerated as investors, spooked by fresh regional US banking headlines, exited positions.
Specifically, reports on Friday indicated two regional US banks faced trouble with nonperforming loans.
Concerns about banking-sector risk led to sudden pressure on bank shares and futures trading on Wall Street.
Slippage in the S&P 500 and Nasdaq also weighed on crypto prices.
However, Bitcoin’s drop could free up capital that rotates back into assets like ZEC, some analysts suggested on X.
Correlation with hedged transactional flows provides a potential channel for such rotation.
Bitcoin dropped $500B.
Zcash dropped $1.6B.
What are the chances a slice of that $500B lost in Bitcoin rotates back into $ZEC, as shielded Zcash emerges as Encrypted Bitcoin?$ZEC what’s next? pic.twitter.com/5ijKj430c7
— Michelangelo.zec ⓩ🛡️ (@BTCTurtle) October 17, 2025
Pushed into short-term oversold territory, market indicators suggest the potential for a rebound.
Looking at the Relative Strength Index (RSI) shows a move into oversold levels, which could signal a reversal opportunity.
Overall, while the $190 area represents a key demand zone, $240 stands as a significant resistance level. ZEC reached a high of $295 earlier in the month.