Zcash Price Faces $1,288 Test Before October 20 NU7 Decision

Zcash price remained volatile on Oct. 17 after surrendering much of its previous recovery. ZEC closed near $1,149 on Friday, reversing Thursday’s advance above $1,200.

The price action followed substantial futures liquidations and continued weakness from September’s highs. Technical analysts identified $1,288 as a possible recovery threshold, with lower support around $1,080.

Meanwhile, Zcash developers are preparing for an Oct. 20 decision on the NU7 network upgrade. The proposed changes include faster blocks and the retirement of legacy transaction formats.

Zcash Price $1,288 Resistance Approaches

ZEC rose 6% over 24 hours to trade near $1,235 before pulling back. The increase followed an October 15 sell-off that pushed the token toward $1,087. Forced closures in the futures market added pressure during that decline. CoinGlass data cited by the exchange put liquidations near $20 million, including $17.8 million from long positions.

The recovery has not erased the wider correction. Zcash traded above $1,600 in late September before falling through early October. By October 16, the token remained below those earlier levels despite recovering part of the previous session’s losses.

On the one-hour chart, Eric Van Tassel identified $1,200 to $1,288 as a possible recovery range. A descending trendline runs through the area, creating a price barrier for buyers.

A sustained move above $1,288 would mark a breakthrough of that resistance, while another rejection would leave the current recovery unconfirmed.

Bearish ZEC Crypto Chart Points to Several Support Levels

The four-hour chart also shows a possible head-and-shoulders formation. The pattern would gain bearish confirmation if ZEC crypto broke below its neckline. One projection places a deeper target near $727, based on a Fibonacci retracement.

Another trader, AstroCryptoGuru, identified resistance near $1,229 following a rejection along a falling trendline. The chart marked $1,080 and $1,059 as lower support levels. Those prices sit closer to the October 15 low and would come into view if sellers regained control.

MaisonCypher presented a separate daily-chart scenario using the Ichimoku Cloud. That analysis placed a possible retest near $879 as ZEC moved toward lower cloud support.

Meanwhile, Crypto Patel reported a roughly 36% decline from a previously marked $2,100 selling zone. The trader maintained longer-range bearish targets of $641 and $150, conditional on further weakness.

For now, ZEC crypto charts place the immediate test at $1,288 and nearby downside levels around $1,080.

Santiment data showed that ZEC gained roughly 48% between September 15 and September 26 before returning most of those gains by October 14. The token closed that day near $1,155, about 5% below the start of the rally.

Zcash NU7 Review Scheduled for October 20

Zcash developers plan to review Network Upgrade 7 on October 20 after launching the upgrade on testnet on October 4. The review will determine the mainnet activation schedule, with November 5 listed as a target rather than a confirmed launch date.

NU7 aims to shorten block times from 75 seconds to 25 seconds. The upgrade will also retire spending support for Sprout, an older shielded address system. Holders with funds in Sprout addresses need to transfer them into supported address types before activation.

This article is for informational purposes only and does not constitute financial or investment advice.