Summary
Zcash (ZEC) was US$1120.82, down 15.62% over 24h, per CoinMarketCap's own page data. CMC AI's price-analysis TLDR: Zcash is down 11.64% to $1,169.64 in 24h, sharply underperforming a modestly weaker broader market, primarily driven by sustained outflows from its spot ETF. 1. **Primary reason:** Persistent redemptions from Grayscale's Zcash ETF (ZCSH), which recorded about $8.49 million in outflows in the past 24 hours, adding sell pressure. 2. **Secondary reasons:** Technical breakdown below key support levels and a broader risk-off tone in crypto markets. 3. **Near-term market outlook:** If ZEC fails to reclaim the $1,292–$1,366 (61.8%–50% Fibonacci) resistance zone, a test of the next major support near $1,050 is likely. A break below that level would signal a deeper correction.