Zcash (ZEC) Price Sinks to $950 as Longs Get Flushed and $800 Comes Into View

TLDR

Zcash (ZEC) fell below $1,000 for the first time since September, hitting a two-month low of $962.85. Grayscale’s Zcash ETF recorded about $30 million in net outflows in November through Nov. 11. CoinGlass data shows nearly $18 million in ZEC liquidations over 24 hours, mostly long positions. Daan Crypto Trades and Altcoin Sherpa both point to the $800 to $900 area as a key zone. ZEC’s 14-day RSI sits near 34, close to the oversold line of 30.

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Zcash dropped under the $1,000 mark this week, its first break below that level since September. The privacy coin touched a two-month low of $962.85 on Wednesday, according to market data.

Zcash (ZEC) Price

ZEC traded near $979 on Nov. 12 and moved between $950 and $1,020 during the session. It is down more than 25% over the past week. Bitcoin held fairly steady near $73,700 at the same time.

The drop came one day after Grayscale pledged $1 million to projects that support the Zcash network. The asset manager said on Nov. 10 that it would send 100% of the sponsor fees from its Zcash ETF, ticker ZCSH, to network development, marketing, community work and education for up to one year.

We are reinvesting 100% of $ZCSH sponsor fees into the Zcash network across development, marketing, community, and education.

Privacy should be accessible to everyone. $ZEC https://t.co/ZJrxjg1z0I

— Grayscale (@Grayscale) November 10, 2026

Grayscale has already awarded $400,000 of that amount. The money was split equally among the Zcash Foundation, Shielded Labs, Project Tachyon and Pretty Good Policy for Zcash. The pledge covers how the fund spends its fee revenue, and it is not a promise to buy ZEC tokens.

ETF Outflows and Liquidations Weigh on ZEC

The ETF has seen money leave in recent weeks. SoSoValue data shows nearly $30 million in net outflows in November through Nov. 11, after about $46.25 million in October. Grayscale converted its Zcash Trust into a spot ETF that began trading on NYSE Arca on Aug. 25.

Derivatives traders also took losses. CoinGlass recorded nearly $18 million in ZEC liquidations over 24 hours, and long positions made up about 72% of that total. Open interest stood near $2.12 billion.

The funding rate stayed slightly positive at about 0.0056%. The taker buy/sell ratio was 0.96, which means market sell orders outnumbered market buy orders. CoinGlass also showed $3.74 million in futures net inflows and $11.32 million in spot net inflows on Nov. 12, though the chart showed repeated futures outflows in October and early November.

The sell-off was not limited to Zcash. Crypto prices fell further on Tuesday after US consumer prices rose 0.4% in October, above the 0.3% economists expected. Bitcoin fell 5.8% and Ether fell 11.6% over the same seven-day period, per CoinGecko.

Zcash led 24-hour losses among the 100 largest cryptocurrencies at one point on Wednesday, with a 13.5% drop. The privacy coin category, valued at about $28 billion, lost roughly 7% in 24 hours. Zcash makes up about 60% of that category.

The slide followed a run to above $1,370 last Friday, when the network activated its NU7 upgrade. The upgrade cut the target block time from 75 seconds to 25 seconds. It also made about 12,224 ZEC in the original privacy pool unspendable.

Trader Daan Crypto Trades said on X that Zcash kept sliding after losing the $1,000 area. He pointed to a large liquidation cluster on Hyperliquid between $800 and $900. That zone lines up with earlier consolidation, a Fibonacci level and the daily 200 moving average, he said.

$ZEC Seeing further continuation down after losing the $1K area.

There is a big liquidation cluster on Hyperliquid in the $800-$900 area. This lines up nicely with the previous consolidation, Fibonacci level and Daily 200MA/EMA.

If we'd get some liquidation wick into that area… pic.twitter.com/g2kL4pTeHO

— Daan Crypto Trades (@DaanCrypto) November 11, 2026

Daan added that he would watch for long setups if a liquidation wick reaches that area. He said even a relief bounce back to the $950 to $1,000 range would get his attention.

Altcoin Sherpa also sees a possible bottom between $800 and $900 before another recovery attempt. Crypto Patel took a more bearish view and suggested traders take profits on part of their holdings. He advised using stop-loss orders on the rest and named a possible drop toward $500 to $200 as a scenario, not a confirmed target.

$ZEC no bounce in sight, this is still vastly underperforming the rest of the market. Expecting something soon but ultimate bottom may be in the 800-900s ? pic.twitter.com/qp7a1i3v3Z

— Altcoin Sherpa (@AltcoinSherpa) November 11, 2026

Technical Levels to Watch

On the daily chart, ZEC sits below its 20-day moving average of $1,206.82. It is also under the lower Bollinger Band at $1,005.11. The Bollinger Band Percentage reading of -323.08 shows an unusually stretched move below the recent range.

Immediate support sits between $960 and $980, followed by $900. A break below $900 could open the way to $800. To recover, ZEC would first need to reclaim $1,005 and move back inside its Bollinger Bands, with the 20-day average near $1,207 as the next resistance.

Zcash’s next community funding proposal window closes on Nov. 13. Voting on the existing grants program is set for Dec. 17 to 29.

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