Zcash price dropped to the $190 support level.
Macro headwinds also had Bitcoin falling to below $105,000 to trigger further bleeding across crypto.
Analysts remain bullish despite the dip.
Zcash (ZEC) tumbled to lows of $190, with its double-digit declines reflecting widespread market unease.
Triggered by macroeconomic pressures, most coins plummeted to key levels, including Bitcoin, which retested the $105,500 area.
Crypto pullback and Zcash price today
Zcash, the privacy-focused cryptocurrency launched in 2016, experienced a sharp decline on Friday.
The token dipped to support around the $190 mark as a broader crypto market retracement ensued to see total market liquidations surpass $1 billion.
ZEC, one of the outperformers in recent weeks, fell below the key support level of $200.
Moreover, the price declines are accompanied by rising trading volume to reinforce the profit taking.
Per CoinMarketCap, the daily trading volume for the privacy-focused coin has jumped 26% to over $742 million.
Meanwhile, the price has fallen nearly 20% in the same time frame.
Zcash has climbed 260% over the past month, outperforming nearly all of the top 100 cryptocurrencies by market capitalisation.
The market-wide pullback reflects broader macroeconomic factors, including renewed tensions in the US-China trade dispute and the ongoing US government shutdown.
Investors who had recently entered Zcash appear to be taking profits after a strong rally fueled by optimism surrounding its zero-knowledge proof technology.
Zcash has seen a notable surge in institutional interest in recent weeks.
Grayscale’s Zcash Trust has been a key driver, with assets under management exceeding $92 million — a signal of rising adoption.
The trust allows traditional investors to gain exposure to ZEC, one of the leading privacy coins, without the operational complexities of holding the asset directly.
ZEC price forecast
Major declines across the market came as investors, spooked by the latest news from US regional banks, exited positions.
Specifically, reports on Friday indicated that two US regional banks have hit the rocks with bad loans.
Jitters around banking sector risks saw a sharp dump for bank stocks cascade into futures trading on Wall Street.
A slip for the S&P 500 and the Nasdaq also sent crypto nosediving.
But Bitcoin’s drop could allow some capital rotation to revive ZEC price, one analyst pointed out on X.
Correlation among shielded transactions adoption gives this strength.
Bitcoin dropped $500B.
Zcash dropped $1.6B.
What are the chances a slice of that $500B lost in Bitcoin rotates back into $ZEC, as shielded Zcash emerges as Encrypted Bitcoin?$ZEC what’s next? pic.twitter.com/5ijKj430c7
— Michelangelo.zec ⓩ🛡️ (@BTCTurtle) October 17, 2025
Market analysts point to overbought conditions in the short term.
A look at the Relative Strength Index (RSI) shows a dip into oversold territory, which means a potential reversal.
Overall, while the $190 mark signals a key demand zone, the $240 mark represents a crucial hurdle.
ZEC price reached highs of $295 earlier in the month.
