Markets· ★★· bearish· October 24, 08:06

Zcash (ZEC) Tests $1,176 Support as Derivatives Leverage Unwinds

—ZEC trades at $1,181.43, down 3.00% over 24 hours
—The token ranks 9th by market capitalization
—Key support sits at $1,176 amid derivatives deleveraging

Why it matters: A break below $1,176 could accelerate derivative-driven selling and deepen ZEC's correction after its recent rally.

Source: Coinotag

More stories in swipe mode🔥 Trending now: Tether paid $6.3M to a White House adviser's firm — the Senate wants to know why

More on this

Markets · Oct 15

Zcash drops over 10% as leveraged rally unwinds

Markets · 02:25

Zcash falls 37% after 250% rally, tests $1,193 support

Markets · Oct 14

Zcash Falls 4.4%, Tests $1,140 Support After Breaking 50-Day SMA