Zcash price falls 25% this month ahead of major network upgrade

Zcash price has rebounded approximately 2.6% to $1,184 on October 25, recovering from recent losses as traders prepare for the network’s November upgrade despite continued liquidations and weak technical momentum. Summary Zcash price rose approximately 2.6% to $1,184 on October 25, despite remaining lower for the month. CoinGlass data showed $14.02 million in ZEC futures liquidations, mostly affecting long positions. Technical indicators placed resistance near $1,214, with support around $1,175 and $1,100. Zcash developers are preparing the NU7 upgrade for early November, introducing faster block confirmations. Crowded derivatives positions and mixed institutional demand could complicate ZEC’s recovery. According to crypto.news market data, ZEC traded between $1,120.66 and $1,223.01 over 24 hours, with trading volume near $575 million. The cryptocurrency gained 5.44% over seven days but remained 25.27% lower over the past month. Why is Zcash price rising today? Sunday’s recovery followed several sessions of volatile trading in which ZEC repeatedly struggled to maintain support around $1,200. Although the token posted a daily gain, futures traders continued facing losses as prices m...