Zcash retreats from September highs as bears target drop to $1,000
- —ZEC fell to $1,319 from a late-September peak near $1,700
- —The 1.618 weekly Fibonacci level at $1,136 is the next downside reference, implying a 14% drop
- —A daily bear pennant projects a target of $986–$1,000, or 24–25% downside
- —The 20-week EMA near $900 marks a deeper support zone
Why it matters: Zcash led the 2026 rally in privacy coins, and its reversal could signal a broader shift in the sector's trend.
Source: Invezz