Zcash rebounds to $1,231, faces major resistance at $1,288

Zcash (ZEC) climbed to $1,231 on October 16, 2026, after rebounding from support near $1,077. Market participants are closely monitoring whether ZEC can extend this rally toward the $1,288 level or if renewed selling will drive the price back to lower supports. ZEC’s recent uptick followed a sharp correction of roughly 34% from highs near $1,700. Despite this pullback, the token remains well above its 200-day moving average, which is positioned near $669 as of October 16. The recovery places Zcash in a critical position between immediate resistance and nearby support levels.

Source: CoinTurk News