Zcash Price Drops 7.34%: Will ZEC Hold $1,200 or Extend Losses?

ZEC dropped 7.34% on October 22, bringing the critical $1,200 support level back into focus. A breakdown below $1,190 could push Zcash toward $1,100, while $1,260 remains key resistance. Zcash's November upgrade targets faster confirmations, while declining futures open interest signals changing market exposure. ZEC suffered a sharp setback on October 22, losing 7.34% after a promising recovery. The token had briefly climbed above $1,300 before sellers took control. Now, traders are watching the $1,200 support level for signs of weakness. Meanwhile, declining futures open interest suggests changing market exposure.

Source: CryptoNewsLand