Zcash price falls 25% this month ahead of major network upgrade

Zcash price has rebounded approximately 2.6% to $1,184 on October 25, recovering from recent losses as traders prepare for the network's November upgrade despite continued liquidations and weak technical momentum. Zcash price rose approximately 2.6% to $1,184 on October 25, despite remaining lower for the month. CoinGlass data showed $14.02 million in ZEC futures liquidations, mostly affecting long positions. Technical indicators placed resistance near $1,214, with support around $1,175 and $1,100. Zcash developers are preparing the NU7 upgrade for early November, introducing faster block confirmations. Crowded derivatives positions and mixed institutional demand could complicate ZEC's recovery.

Source: crypto.news