Zcash Faces Critical $1,036 Test: Is This the Tipping Point for ZEC’s Next Big Move?
Well, here’s a story that might just make you pause your scroll: Zcash [ZEC] skyrocketed to a September peak near $1,700 after breaking free from a pennant pattern — talk about momentum! Yet, in the blink of an eye, it’s now slipped roughly 13% within 24 hours, shimmying down to test this critical demand zone between $1,036 and $1,162. Hey, that’s a big drop after such a fiery rally — makes you wonder, is this the calm before another storm or the setup for a comeback? What’s really cooking is ZEC’s Funding Rate and Spot Netflow turning negative, paired with a surge in long liquidations — that’s like the market waving a red flag. So, are the bulls gearing up to defend this price stronghold, or is Zcash gearing up for more tumble? Let’s dive deep and sift through the signals that could chart ZEC’s next move. LEARN MORE
Following an aggressive rally that pushed the token to a September high near $1,700 after breaking free from a pennant consolidation, Zcash [ZEC] price action could be on the verge of further declines.
Over the last 24 hours, ZEC has declined by about 13%, and it was testing a key demand zone between $1036 and $1162, at press time.
Notably, ZEC’s Funding Rate and Spot Netflow turned negative alongside increasing long liquidations across the network. Therefore, could ZEC be in for further dips, or will bulls step in at the demand zone?

Negative flows signal growing ZEC selling pressure
ZEC’s weakening on-chain metrics could be the fueling factor of the token’s recent bearish price action.
According to AMBCrypto’s recent analysis, the network has recorded two days of negative inflows, indicating weaker demand relative to selling pressure. Moreover, the implications of the reducing inflow could amplify the token’s current bearish bias.

At the same time, the network average aggregated Funding Rates have flattened at 1.42%, just a fraction above its predicted average funding rate of 0.29%. This suggests that bearish positioning is gaining traction in the derivatives market.

That’s not all; its increasing long liquidations show that leveraged bullish positions are being forced out as price falls. At the time of writing, Zcash long liquidations had crossed the $13 million mark, which is significantly bigger compared to just $1.3 short liquidations.

Together, the signals suggest that buyers have yet to regain control of the short-term trend.
Can the demand zone hold?
The current demand zone is the next major test for ZEC bulls. A sustained rebound from this area could help stabilize prices and open the door to a recovery. However, a drop below $1,036 will invalidate the bullish formation and cause ZEC to experience more downward pressure.
Currently, the technicals are suggesting a wait-and-see approach. It all depends on the ability of ZEC to withstand the demand zone.
Final Summary
- ZEC has declined by about 13% in 24 hours after doubling in value since its late-August pennant breakout, bringing price into the $1,036–$1,162 demand zone.
- The network’s negative funding rates, weakening spot net flows and rising long liquidations point to mounting selling pressure.




Post Comment